Belarus, Government of -- Moody's downgrades Belarus's ratings to Ca from B3; maintains negative outlook
Rating Action: Moody's downgrades Belarus's ratings to Ca from B3; maintains negative outlookGlobal Credit Research - 10 Mar 2022London, March 10, 2022 -- Moody's Investors Service (Moody's) has today downgraded the Government of Belarus's long-term issuer and senior unsecured debt ratings to Ca from B3 and has maintained a negative outlook.The downgrade reflects the weakening of Belarus's credit profile amid Russia's (Ca negative) ongoing military invasion in Ukraine (Caa2 review for downgrade). Belarus is directly exposed to a significant further tightening of sanctions targeting key economic sectors and the financial system that will hamper the country´s already narrow external buffers and jeopardize its capacity to service its debt.
