YEREVAN, June 22. /ARKA/. Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking, Reuters reports.

Morgan Stanley, one of the most closely watched firms in the much anticipated review, had its long-term debt rating lowered by just two notches, one level less than had been expected, sending its stock up sharply in after-hours trading.

The downgrade left Morgan Stanley more highly rated than Bank of America Corp and Citigroup, but a step below Goldman Sachs Group.

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Tags: Moody's, Ratings, World

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Armenia’s Central Bank said it has revised upward the ratings of three companies

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ARKA Agency has published this year’s first-quarter press rating of Armenian banks, that ranks HSBC Bank Armenia as a leader (1), followed by Anelik Bank (2), VTB Bank (Armenia) (3), Ameriabank (4), and Areximbank-Gazprombank Group (5).

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Tags: Armenia, bank @en, Ratings

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Moody’s and S&P upgrade Gazprombank ratings to “BAA3” and “BB+”.

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Tags: Gazprombank, Moody’s, Ratings, S&P

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ARKA develops ratings for www.armbanks.am

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Fitch Ratings has affirmed the Eurasian Development Bank’s (EDB) Long-term Issuer Default Rating (IDR) at ‘BBB’. The Outlook is Positive. It has also affirmed its Short-term IDR at ‘F2.’

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Moody’s international ratings agency has left unchanged Armenian Ardshininvestbank’s Ba2 long-term, Not-Prime short-term local currency deposits, Ba3 long-term, Not-Prime short-term foreign currency deposit as well as D (BFSR) financial stability ratings.

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The Central Bank of Armenia has given ratings to some companies, the central bank’s press office reported on Thursday.

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European Central Bank President Jean-Claude Trichet said today the world needs more than three major credit ratings agencies because their actions exacerbate market swings.

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Tags: Agencies, Oligopoly, Ratings

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Armenian Central Bank reviewed ratings of eight Armenian companies.

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Tags: Armenia, CBA, Ratings

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