Fitch Ratings has announced its decision to suspend its credit assessment of Belarus

The international rating agency Fitch Ratings has announced its decision to suspend its creditworthiness assessment of Belarus. This is important news for the financial world and all stakeholders, as it indicates a difficult economic and financial situation in the country.

The decision to stop assessing the creditworthiness of Belarus was announced in a statement by Fitch Ratings. In this statement, it was noted that Fitch has withdrawn all ratings on Belarus, including the long-term foreign currency issuer default rating, which was designated as "RD" (restricted default).

One of the main reasons for this decision was the lack of proper cooperation and information from the Belarusian authorities in the rating process. According to the agency, they no longer have sufficient information to continue to provide an assessment of Belarus' creditworthiness.

This decision could have serious consequences for the financial stability and rating of Belarus in the international market. From now on, the country may face more difficult conditions for raising financial resources on international markets, as well as a decline in investment interest.

It should be noted that this news comes in the context of worsening political and economic problems in Belarus that arose after the 2020 presidential election and led to mass protests and international sanctions.