A government-related entity with a "very high" likelihood of extraordinary government support. Second-largest bank in Belarus. High economic risks and risky operating environment for banks in Belarus. Concentration on agricultural sector. Pressured profitability. The stable outlook on Belarus-based Belagroprombank JSC reflects that on Belarus. Further rating actions on the bank would be likely to result primarily from changes to our foreign currency sovereign credit ratings or transfer and convertibility (T&C) assessment on Belarus (for an explanation of our T&C assessments, see "Criteria For Determining Transfer And Convertibility Assessments," published May 18, 2009). Standard&Poor's Ratings Services may consider positive rating actions if the bank's stand-alone credit profile remains at least its current level and we raise our ratings and
