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Fitch Affirms Armenia at 'B+'; Outlook Stable

21.03.2022 14:44

Fitch Affirms Armenia at 'B+'; Outlook Stable

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

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‘Mysterious’ deal in Armenian banking sector or how Central Bank became shareholder of commercial bank

21.02.2022 18:38

‘Mysterious’ deal in Armenian banking sector or how Central Bank became shareholder of commercial bank

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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Standard & Poor’s to assign Armenia first sovereign rating in autumn

11.08.2021 20:49

Standard & Poor’s to assign Armenia first sovereign rating in autumn

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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There is now revaluation of dram's exchange rate- deputy chairman of central bank

27.04.2021 16:10

There is now revaluation of dram's exchange rate- deputy chairman of central bank

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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Fitch Affirms Armenia at 'B+'; Outlook Stable

29.03.2021 14:03

Fitch Affirms Armenia at 'B+'; Outlook Stable

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 downgrades Armenia to 'B+'; outlook stable

06.10.2020 18:05

Fitch downgrades Armenia to 'B+'; outlook stable

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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Armenian commercial banks' lending to economy in first quarter grew to 3.5 trillion drams

14.05.2020 21:04

Armenian commercial banks' lending to economy in first quarter grew to 3.5 trillion drams

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

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Fitch revises Yerevan City's outlook to negative; affirms 'BB-'

20.04.2020 17:28

Fitch revises Yerevan City's outlook to negative; affirms 'BB-'

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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Ucom vs Ucom. Raider Seizure, Blackmailing or Property Redistribution?

15.04.2020 19:41

Ucom vs Ucom. Raider Seizure, Blackmailing or Property Redistribution?

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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IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million

10.04.2020 13:58

IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million

An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the second review of Armenia’s reform program supported by the IMF Stand-By Arrangement (SBA) during March 12-April 8, 2020. At the conclusion of the mission, Mr. Porter issued the following statement:

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