Fitch downgrades two Belarusian insurers
Fitch Ratings has downgraded Belarusian Republican Unitary Insurance Company - Belgosstrakh and export-import insurance company of the Republic of Belarus's Eximgarant insurer financial strength ratings to 'B-' from 'B'. The outlooks are negative.
The downgrades reflect Fitch's revised assessment of Belarusian sovereign and country risks, in particular as a result of the country's still weak external finances. The downgrades also reflect the
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