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September 26, 2011Standard & Poor’s Downgrades Belarus’ Sovereign Credit Rating from B to B-.July 21, 2011Moody's Downgrades Belarus' Foreign-Currency Government Bond Rating from B2 to B3. March 29, 2011Moody's Downgrades Belarus' Foreign-Currency Government Bond Rating from B1 to B2. March 15, 2011Standard & Poor’s Downgrades Belarus’ Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.