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Dagong assigns sovereign credit rating to Belarus

MINSK, 26 April (BelTA) - Dagong Global Credit Rating Co., Ltd., a leading Chinese rating agency, has assigned the first sovereign credit rating to Belarus, BelTA learnt from the press service of the Finance Ministry.

Belarus has received BB+ rating in local currency obligations, BB- in foreign currency obligations; outlook stable.

The decision was taken following the work of Dagong analysts in Belarus in February 2012. According to the Finance Ministry, the Chinese experts came to Belarus to assess the situation in the country after an agreement on the sovereign credit rating was signed in November 2011.

“The Government hopes that this credit rating will open up financial markets of South-Eastern Asia to Belarus,” the Finance Ministry stressed.