Standard and Poor’s has assigned a B+ foreign-currency long-term sovereign credit rating, a BB local-currency rating, and a B short-term sovereign rating to Belarus, its first for country. The ratings reflect the state’s domination of the Belarusian economy, the country’s weak external liquidity, and the uniquely centralized nature of the Belarusian political system. The agency noted comparatively high wealth and development levels, low general government debt, a relatively strong external balance sheet, and significant economic potential due to substantial industrial capital stock and a highly educated workforce. (RFE/RL)

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