13.10.2021 12:58
YEREVAN, October 13, /ARKA/. On October 12, 2021, S&P Global Ratings assigned its ‘B+’ long-term foreign- and local-currency sovereign credit ratings to Armenia. At the same time, it assigned its ‘B’ short-term foreign- and local currency ratings. The outlook is positive. It also assigned its 'BB-' transfer and convertibility assessment to Armenia.
In an overview the S&P says that the Armenian economy is recovering and that it expects GDP to exceed 2019 levels by next year, and for growth to settle at close to 4% a year over the medium term.
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