MINSK, July 23 (Xinhua) -- Fitch Ratings has reaffirmed Belarus' sovereign ratings at "B" level with a Stable Outlook, the agency said in its press release on Monday.

Fitch Ratings has reaffirmed country's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at "B" with a Stable Outlook, the press release said.

The agency's analytics said Belarus' ratings reflect a balance between improving macroeconomic stability and a number of potential risks.

Fitch Ratings believes that the recovery of economic activity in Belarus is more active than previously expected.

The agency expects Belarus' GDP growth will be 3.5 percent for 2018, and the annual inflation will be at the level of 6 percent.

The agency has also confirmed the rating of Belarus' Eurobonds at "B" level.