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We were the first in Belarus to publish open reliability scores for issuers
Independent scores for bond issuers and banks, built on our own models based on S&P methodology. The models, data and calculations are open to everyone.
Non-financial sector
Country and industry risk, customer concentration, debt load, debt coverage by profit, liquidity and currency risk.
up to 50 pointsDetails → 02 v1.0 · 9 indicatorsLeasing companies
Diversification of leased assets, equity funding, cash gap, overdue and payment currency.
up to 45 pointsDetails → 03 8 indicatorsBase model
An automatic score from financial statements: debt, cash flows and liquidity compared with other companies.
0–10 scaleDetails →Score a company yourself
Enter five balance-sheet lines prepared under Belarusian accounting standards and get an express reliability score from 0 to 10 based on our model. The score is relative: the company's ratios are compared with the 249 companies in our database.
The express model uses 2 of the 8 indicators of the base model: debt level and current ratio. The full score also takes cash flows and other liquidity ratios into account. The calculation runs in your browser; no data is sent anywhere. This is not investment advice.
Banks of Belarus
Estimated value of all 24 banks in the country and a reliability ranking based on compliance with prudential ratios. Banks are split into three groups: state-owned, those with a strong foreign owner, and other private banks — in our model a bank cannot rank above a group that would receive support earlier.
| # | Bank | USD m |
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| # | Bank | USD m |
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| # | Bank | Points for prudential ratios |
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Rank is determined first by group, then by points within the group.
| Bank | Debt to the National Bank, BYN m |
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Source: the EKANOMIKA channel. Support went to all state-owned banks and several large banks with strong foreign owners; private banks in the third group received none. This is consistent with the assumption in our model.
Publications and market research
The project archive: reviews of issuers, banks, regulation and the debt market. Translated from Russian; linked PDF documents are in Russian.
Contact us
Want a reliability score or an investor presentation for your company, found an issuer missing from our database, or have feedback on the site — get in touch.