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English

Standard & Poor`s affirms negative outlook for Belarus

Standard & Poor`s international credit rating agency on Tuesday affirmed Belarus` sovereign credit rating with a negative outlook, saying the country`s external position had continued to weaken in 2009, as quoted by BelaPAN.

S&P also affirmed Belarus` B+ foreign currency and BB local currency long-term sovereign issuer credit ratings.

"The ratings on Belarus are constrained by our view of its weak and deteriorating external liquidity, owing to very high current account deficits and repeated price shocks on still-subsidized energy imports from Russia," said S&P credit analyst Kai Stukenbrock.

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