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Having credit rating agency’s assessment important for attracting foreign capital

09.06.2016 17:29

Having credit rating agency’s assessment important for attracting foreign capital

YEREVAN, June 9. /ARKA/. Having an assessment of an international credit rating agency is important for a company wishing to attract foreign capital, and Armenian companies should seek this too, Konstantin Saroyan,  the  director of NASDAQ OMX Armenia stock exchange said today.

Speaking to reporters on the sidelines of the first ever Fitch Ratings conference in Yerevan, he said having healthy capital markets is a key requirement for sustainable economic growth – and healthy capital markets require information and transparency.

In his words, credit rating agencies play an important role in providing information that aids transparency and market efficiency, thereby reducing the imbalance of information that often exists between buyers and sellers.

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