Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook

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Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook

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In a Facebook comment on a recent change of shareholders in Armbusinessbank, Armenia’s former minister of labor and social affairs Maneh Tandilyan describes it as a ‘mysterious deal

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The Standard & Poor’s credit rating agency will publish the first sovereign ratings of Armenia from September 25 to October 10, 2021, the Central Bank of Armenia told ARKA news agency

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The market exchange rate of Armenia’s national currency, the dram, can devaluate and revaluate, Deputy Chairman of the Central Bank Nerses Yeritsyan said at a meeting of the parliamentary committee on financial-credit and budget issues on Tuesday

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The impact of the twin Covid-19 pandemic and conflict shocks saw Armenian government indebtedness reverse its prior downward trend, with general government debt/GDP rising 13.8pp to 67.3% at end-2020, overtaking the current ‘B’ median (63.8%), Fitch Ratings said last week after affirming Armenia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook

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Fitch Ratings has downgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘. The Outlook is Stable

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Armenia’s banking sector was quick to respond to the situation caused by the spread of coronavirus, Mher Abrahamyan, Chairman of the Union of Banks of Armenia, said today

Categories: Analytics, General news, News, News of the hour | Comments Off on Armenian commercial banks' lending to economy in first quarter grew to 3.5 trillion drams

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Fitch Ratings has revised Yerevan City’s Outlook to Negative from Stable, while affirming the city’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB-‘. A full list of rating actions is below

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For several days now, the Armenian information field has been fermented by the scandalous situation over the telecommunications operator Ucom. Until recently, nothing boded a high-profile showdown, and the company itself was preparing for the deal of the year – the purchase of Beeline in Armenia. But in fact, everything turned out to be much more complicated

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