OREANDA-NEWS. July 26, 2011. Fitch Ratings published its press-release on the credit ratings of JSC Belagroprombank. In autumn 2010 JSC Belagroprombank withdrew contractual relations with this ratings agency. Since then, the ratings have been maintained by Fitch just on the back of the official financial releases published by the bank, reported the press-centre of Belagroprombank.

In accordance with Fitch release the following ratings have been affirmed and withdrawn:

Long-term IDR: affirmed at 'B', Outlook Negative; withdrawn

Short-term IDR: affirmed at 'B'; withdrawn

Individual Rating: affirmed at 'D/E'; withdrawn

Support Rating: affirmed at '4', withdrawn

Support Rating Floor: affirmed at 'B'; withdrawn

At present JSC Belagroprombank continues to cooperate with two ratings agencies, Moody’s and Standard&Poor’s. The current ratings assigned are:

Moody’s

Foreign currency long-term В 3;

Foreign currency short-term Not Prime;

Local currency long-term В 2;

Local currency short-term Not Prime;

Bank financial strength rating Е + ;

All ratings outlook Negative.
 
Standard & Poor’s
Local currency long-term – "В";

Local currency short-term – "В";

Foreign currency long-term – "B";

Foreign currency short-term – "B";

All ratings outlook – "Negative".