Standard & Poor’s, one of the three major world rating agencies, has confirmed the long-term rating of Belarus.
This happened immediately after the settlement of the Russia-Belarus oil and gas conflict.
According to agency estimates, the long-term sovereign credit rating of Belarus is “B-“, the short-term one is at the level of “B”.
According to the Standard & Poor’s report, the rating outlook of Belarus is “stable”, the BDG reports.
Resolution of the conflict between Belarus and Russia took place at the bilateral meeting between Lukashenka and Putin in St. Petersburg last week. Following the talks, the Russian oil will go to Belarus and the state will receive a $ 1 billion loan.
Long-term ratings assess the state’s ability (of organization or individual) to pay debts. According to the accepted system of rating, the estimations have a letter designation from “AAA” (for highly reliable) to “D” (for those who defaulted).
The “B” is given to solvent organizations or to states that are in the “unfavorable economic conditions” that will likely “have a negative impact on the ability and willingness to carry out the payment of the debts”.
