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Belarusian Banks' Reliance On The Sovereign Puts Them At Higher Risk, Says Report
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
MOSCOW (Standard & Poor's) April 29, 2011--Following the recent downgrade of Belarus, Standard & Poor's Ratings Services believes the government's ability to support the economy is shrinking alongside its capacity to finance public-sector expenditures at a sustainable level. In a report published today, titled 'Dependence On The Sovereign Puts Banks In Belarus At Higher Risk ,' Standard & Poor's outlines its reasons why it considers sovereign risk a key factor influencing the financial strength of Belarusian banks. The report states Standard & Poor's view that Belarus has been using the local banking system to help shore up its economy and that unless the government is able to reverse the downward economic trend, specifically regarding its external reserves, the banking system...
Action: General Comment
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