S&P affirms DBRB

S&P affirmed the long-term foreign and local currency issuer credit ratings on the Development Bank of the Republic of Belarus (DBRB) at B.

The outlook is stable mirroring that of Belarus.

S&P said the bank is integrally linked with the sovereign and there is “an almost certain likelihood that Belarus' government would provide DBRB with timely and extraordinary support, sufficient to service the bank's financial obligations, if needed,” the agency said in a news release.

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