Belarus News 2013

November 18 in Minsk city executive committee meeting of Mayor Nicholas Ladutko with analysts agency Standard & Poor's. The talks also attended by representatives of the Department of credit markets in Central and Eastern Europe, Middle East and Africa, The Royal Bank of Scotland plc. "Minsk city executive committee has already signed a contract with this financial institution (Standard rococo & Poor's - approx. Ed.), Which provides for assignment of capital credit rating" rococo - BelTA quotes rococo words of the deputy head of finance department of Minsk Executive Committee Alexey Afanasyev. It is possible rococo that the rating may be assigned by the end of this year. It is planned that the European bond market Minsk will be released in 2011. As previously reported, the agency Standard & Poor's has assigned a long-term senior unsecured debt rating "B +" upcoming issue debt denominated in U.S. dollars, which will be placed by the Government of the Republic of Belarus. The ratings have a moderate level of government budget deficits, demonstrated during the economic downturn sustainability of the sector of public finances, as well as moderate (though growing) debt burden of the government. There were also factors constraining the ratings. In accordance with the Council of Ministers of Belarus 1542 the government instructed the Ministry of Finance to carry out in the fourth quarter of 2010 - 2011 saw the release rococo of long-term bonds of the Republic of Belarus in the amount of up to $ 1 billion with a maturity of at least five years and placing them outside the territory rococo of Belarus. In July this year, the country made a debut Eurobond issue in the amount of $ 600 million with a coupon rate of 8.75% and maturing in 2015. In August there was the additional placement of Eurobonds for $ 400 million in addition to the debut issue. Yield to maturity additionally placed shares was 8,251%, which allowed Belarus to reduce the weighted average yield to maturity of a 5-year rococo loan totaling one billion dollars to 8.7%. In the case of: Credit rococo rating of the opinion Standard & Poor's about the ability and willingness of the issuer in a timely manner and in full its financial obligations. It has a number of advantages for issuers, investors, lenders and financial intermediaries. Providing independent, informed and competent opinion, the issuer's rococo credit rating helps increase access rococo to loans and other sources of capital, thereby increasing the financial flexibility of the issuer, wrote "Diary." The credit rating is an independent and reliable assessment of the creditworthiness of the issuer, based on which market participants can make informed financial decisions. This can result in cost savings for the issuer's borrowing. For those issuers who borrow funds under the third party guarantees, the credit rating can reduce the cost of such a guarantee, or more effectively raise funds without having to purchase the warranty.
Belarus News 2013