Arab Today, arab today standard and poor\s cuts belarus closer to default risk
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Standard and Poor\'s cuts Belarus closer to default risk

Arab Today, arab today

Arab Today, arab today Standard and Poor\'s cuts Belarus closer to default risk

Moscow - AFP

Standard and Poor's on Monday downgraded Belarus' debt rating to 'B-/C' from 'B/B' with a negative outlook, bringing the ex-Soviet nation one step closer to being deemed vulnerable to default. "The downgrade reflects our concerns over Belarus' ongoing dependence on external funding... We remain highly uncertain as to Belarus' ability to secure such funding," Standard and Poor's said in statement.  

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