OREANDA-NEWS. Fitch Ratings has today upgraded Belarus-based Belpromstroibank's ("BPB") Individual rating to 'D/E' from 'E'. At the same time, the agency has affirmed the bank's other ratings at Issuer Default 'B-' (B minus), Short-term 'B' and Support '5'. The Outlook on the Issuer Default Rating ("IDR") remains Stable.

The upgrade of the Individual rating reflects the bank's strengthened franchise, continued track record of sound asset quality, improved earnings performance and greater funding diversification.

However, the Individual rating also takes into consideration BPB's challenging operating environment, including the actual and potential government influence on the bank's activities, the weak capital position and significant loan concentrations.