Fitch Ratings affirms Long-Term Issuer Default rating (IDR) of ACBA-CREDIT AGRICOLE BANK at B+ level with stable outlook | ArmBanks.am

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Fitch Ratings affirms Long-Term Issuer Default rating (IDR) of ACBA-CREDIT AGRICOLE BANK at B+ level with stable outlook

23.05.2018 16:35

Fitch Ratings affirms Long-Term Issuer Default rating (IDR) of ACBA-CREDIT AGRICOLE BANK at B+ level with stable outlook

YEREVAN, May 23. /ARKA/. Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of ACBA-CREDIT AGRICOLE BANK at the level of B + with a stable outlook, the Yerevan-based bank reported.

Fitch Ratings said the bank has been assigned this rating due to its internal financial capacity.

"When assigning the rating, the bank's absolutely leading position in financing the agricultural sector, the saturation of the infrastructure, including the presence of branches in all regions of the country, as well as a high level of liquidity, was taken into account," the bank quoted the international rating agency as saying.

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Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Fitch Ratings affirms Long-Term Issuer Default rating (IDR) of ACBA-CREDIT AGRICOLE BANK at B+ level with stable outlook

Tags: ACBA-Credit Agricole bank, B+, IDR, Ratings, stable outlook

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