YEREVAN, April 17. /ARKA/. Fitch Ratings has revised the Outlooks on ACBA-CREDIT AGRICOLE CJSC's (ACBA) and Ardshinbank CJSC's (Ardshin) Long-Term Issuer Default Ratings (IDRs) to Negative from Stable and affirmed the IDRs at 'B+', according to the agency’s press release.

The rating actions reflect the significant deterioration in the outlook for Armenia's economy since Fitch affirmed the banks' ratings with Stable Outlooks on 19 March 2020.

Categories: 121, Banks @en, General news, News, News of the hour | Comments Off on Fitch affirms ratings of ACBA-CREDIT AGRICOLE BANK and Ardshinbank at ‘B +’, revises outlooks to Negative from Stable

Tags: ACBA-Credit Agricole bank, Ardshinbank, Fitch, Negative, stable

Read more

Moody’s Investors Service has today downgraded Armenia’s issuer and government bond rating to Ba3 from Ba2, and changed the outlook to negative from stable, the agency’s website reports

Categories: Economy @en, General news, News, News of the hour | Comments Off on Moody’s downgrades Armenia’s idr from Ba2 to Ba3, outlook from stable to negative

Tags: Armenia, Moody, Negative

Read more

Standard and Poor’s raised the outlook for India’s “BBB-minus” rating to “stable” from “negative,” saying the country’s government mandate and improved political setting offered a conducive environment for reforms, Reuters reported

Categories: Economy @en, General news, News, News of the hour | Comments Off on S&P upgrades outlook for India rating to "stable" from "negative"

Tags: India, Negative, S&P

Read more

Moody’s reviewed U.S. credit rating up from “negative” to “stable,” RIA Novosti reported referring to Reuters

Categories: Economy @en, General news, News, News of the hour | Comments Off on Moody’s changes U.S. rating from “Negative” to “Stable”

Tags: Moody's, Negative, rating

Read more