YEREVAN, December 25, /ARKA/. Fitch Ratings has revised the Outlook on the Armenian capital city of Yerevan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at 'B+'. The Short-Term Foreign-Currency IDR has been affirmed at 'B'.

Fitch Ratings said in a press release that under EU credit rating agency (CRA) regulation, the publication of International Public Finance reviews is subject to restrictions and must take place according to a published schedule, except where it is necessary for CRAs to deviate from this in order to comply with their legal obligations.

’Fitch interprets this provision as allowing us to publish a rating review in situations where there is a material change in the creditworthiness of the issuer that we believe makes it inappropriate for us to wait until the next scheduled review date to update the rating or Outlook/Watch status. In this case the deviation was caused by the revision of the Outlook on the sovereign's IDRs.

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Moody’s Investors Service says that Armenia’s B1 issuer rating is supported by the country’s track record of robust economic and financial management through effective fiscal and monetary policies, and high debt affordability

Categories: Economy @en, General news, News, News of the hour, Новости | Comments Off on Moody’s: Armenia maintains record of robust economic management

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The international Fitch Ratings has assigned the ACBA-CREDIT AGRICOLE BANK a long-term Issuer Default Rating (IDR) at “B +” with a stable outlook, the bank’s press service reported today. The Yerevan-based bank attributed the assessment to its internal financial viability

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YEREVAN, February 17. /ARKA/. ARKA News Agency’s ranking of the most profitable credit organizations of Armenia for 2016 is already available. The news agency’s analysis shows that the credit organizations of the country have doubled their aggregate net profits from AMD 9 953 million in 2015 to AMD 19 675 million in 2016. Of Armenia’s […]

Categories: Announces, General news, Loan organizations, News, News of the hour, Ratings, Новости | Comments Off on Ranking of most profitable credit organizations of Armenia for 2016

Tags: Armenia, CREDIT ORGANIZATIONS, Ranking, rating

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Moody’s Investors Service rating agency confirmed the rating of Unibank’s long-term deposits in drams and foreign currencies at B3 in August 2016, changing the outlook to ‘Positive’, the bank’s press office reported on Friday

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Tags: Armenia, Deposits, Moody's, rating, Unibank

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Moody’s Investors Service, (“Moody’s”) downgraded Friday Armenia’s long-term issuer and senior unsecured debt ratings to B1 from Ba3. Concurrently

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ARKA News Agency has ranked Armenia’s banks on their profits in 2015

Categories: Announces, Banks @en, General news, News, News of the hour, Ratings | Comments Off on Biggest profit-gainers among Armenian banks in 2015 named by ARKA News Agency

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For the first time three Armenian banks have appeared in the list of 200 largest banks in the Commonwealth of Independent States (CIS), compiled by RIA Rating agency

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In the first quarter of this year 32 Armenia-based universal credit organizations earned a total 2.030.7 billion drams in net profits, a 17.2% year-on-year rise, according to a ranking compiled by ARKA news agency

Categories: Announces, General news, Loan organizations, News, Ratings | Comments Off on Armenian universal credit organizations report 17 percent rise in first quarter net profit

Tags: Armenia, CREDIT ORGANIZATIONS, rating

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Fitch Ratings agency has downgraded Armenia’s long-term foreign and local currency Issuer Default Ratings (IDRs) from ‘BB-‘ to ‘B+’, with outlook kept stable

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