BELARUS NEWS AND ANALYSIS
DATE:
04/11/2008
S&P Confirms Belarus' Sovereign Ratings, Changes Outlook From Stable to Negative
MINSK. Nov 4 (Interfax) - Standard & Poor's confirmed on November 3 sovereign ratings assigned to Belarus, but changed the outlook on sovereign ratings to negative from stable.
S&P said in a press release that it had confirmed the 'B+' long- term foreign currency and the 'BB' long-term local currency ratings. In addition, Belarus' Transfer and Convertibility (T&C) assessment was conformed at B+'.
The outlook was revised given growing external pressure.
S&P experts think that the Belarusian economy will undergo negative influence given the worse international economic situation and financial environment.
Source:
http://www.istockanalyst.com/article/viewiStockNews+articleid_2767855.html
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