OREANDA-NEWS. August 23, 2007. The assignment of the credit rating to Belarus testifies to the rapidly developing national economy, Belarus Prime Minister Sergei Sidorsky said at session of the Council of Ministers, reported the Official website http://www.government.by.

The head of Government thanked experts for the job they did for Belarus to achieve the credit rating.

“The rating is quite high. It means today we have a rapidly developing economy. The national development figures live up to high international standards,” noted Sergei Sidorsky.

BelTA reported earlier, on August 21 international rating agency Standard & Poor's assigned its “B+” long-term foreign currency and “BB” long-term local currency sovereign credit ratings to the Republic of Belarus. The short-term foreign currency and short-term local currency credit ratings reached “B”.

On August 22 international rating agency Moody’s Investors Service assigned its “Ba2” foreign currency rating to Belarus. Moody’s “B1” rating assigned to Belarus’ government bonds in foreign and local currencies corresponds to the rating Standard & Poor's assigned the day before, underlining the affinity of these two most influential rating agencies in evaluating the stability of the social and economic development of Belarus.

Moody’s Investors Service also assigned its “Ba2” foreign currency sovereign credit rating to Belarus, with rating of foreign currency bank deposits as high as “B2”, the sovereign credit rating ceiling and the rating of the bank deposits in national currency set at “Baa3”. All ratings of the agency have stable outlooks, reflecting the stability of the development of the Belarusian economy at present and in future.