YEREVAN, January 21. /ARKA/. Rating-Agentur Expert RA GmbH confirmed the sovereign government credit rating (SGC) of Armenia at ‘BB-’ (Sufficient level of creditworthiness of the government) in national currency and at ‘BB-’ (Sufficient level of creditworthiness of the government) in foreign currency, the rating agency told ARKA News Agency.
The rating outlook is stable which means that in the mid-term perspective there is a high probability of maintaining the rating score.

Positive factors:

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The Fitch credit rating agency said today in a note that Armenia’s exposure to Russia — particularly as a source of remittances by expatriate Armenian workers — appears to be a key risk for Yerevan’s economy

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