OREANDA-NEWS. October 25, 2010. Fitch Ratings has revised the Outlooks on the Long-term IDRs of four Belarusian foreign-owned banks: as a result the outlook on Belgazprombank’s ‘B’ IDR has been raised to Stable from Negative. A full rating breakdown is provided at the end of this comment, reported the press-centre of Belgazprombank.

The Stable Outlook reflects the more stable near-term outlook for the Belarus sovereign's financial position, and therefore the reduced likelihood that Belarusian transfer and convertibility risks will increase. Transfer and convertibility risks capture the risk that a sovereign will impose restrictions on the ability of domestic non-sovereign borrowers to service their foreign currency liabilities.

Fitch has not reviewed Belagroprombank's Individual rating within the current review.

The rating actions are as follows:

Belgazprombank

Long-term IDR: affirmed at 'B'; Outlook revised to Stable from Negative

Short-term IDR: affirmed at 'B'

Support Rating: affirmed at '4'

Individual Rating of 'D/E' unaffected by current review.