YEREVAN, June 5. /ARKA/. Fitch Ratings has confirmed Yerevan’s long-term issuer default ratings (IDR) in foreign and national currencies at “B+” with “Stable” outlook and also short-term foreign currency IDR at “B”.

The rating agency says Yerevan’s rating is suppressed by Armenia’s rating “B+” with “Stable” outlook, particularly the country’s institutional environment for local and regional authorities, which is considered by Fits as weak.

The city’s status of capital and its acceptable budget performance indicators supported by stable transfers from the central government as well as the lack of any debt are taken into account here.

Categories: Economy @en, General news, News, News of the hour, Новости | Comments Off on Fitch affirms Yerevan’s IDR in foreign and national currencies at “B+”, “Stable” outlook

Tags: B+, Fitch, foreign, IDR, national currencies, stable, Yerevan

Read more

Armenia, with its present government reserves, may fail to repay its foreign liabilities, Bagrat Asatryan, former head of the central bank says in his ‘Armenia in Anticipation of New Crunch’ analysis published in Chorrrord Ishkhanutyun Newspaper

Categories: Economy @en, General news, News | Comments Off on Former head of Central Bank: Armenia may fail to repay its foreign liabilities

Tags: Armenia, Central Bank, foreign

Read more