Belarus Banking System's Outlook Negative, Moody’s Says

Moody’s Investors Service retained its negative outlook on Belarus’s banking system, saying assets will deteriorate further and lenders will become more vulnerable as the country’s ability to support the economy declines.

Moody’s expect growth of Belarusian gross domestic product to slow to 0.5 percent this year from an estimated 5.3 percent in 2011 with inflation remaining “excessively high” at 30 percent, the rating company said in its report published today.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus, at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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