On May 25, 2021 Fitch Ratings affirmed Belgazprombank's Long-Term Issuer Default Rating (IDR) at “B” with Negative Outlook, which is the highest rating possible for Belarusian issuers capped by the country ceiling.
The ratings action is driven by potential support the bank could receive, if required, form its joint Russian owners, PJSC Gazprom (BBB/Stable) and Gazprombank (Joint-Stock Company) (BBB-/Stable), each holding a 49.82% stake. Ratings are also underpinned by Belgazprombank’s standalone profile, which is influenced, among other factors, by the bank’s assets quality.
The ratings of Belgazprombank affirmed by Fitch Ratings:
Long-term IDR: “B”, Outlook Negative;
Short-term IDR: “B”;
Support Rating: “4”;
Viability Rating: “b”.For full rating report, please visit the official site of Fitch Ratings at https://www.fitchratings.com/research/banks/fitch-affirms-belgazprombank-at-b-outlook-negative-25-05-2021