#FITCH
Fitch expects Armenia not to use $121 million available under IMF agreement
Fitch expects that authorities will not draw down the USD121 million available under the IMF Stand-By Arrangement (expiring this year), and will treat it as a precautionary buffer. Net external debt will be about 2x the projected 'BB' median, averaging 26.8% of GDP in 2025-2026.Fitch does not expect meaningful diversification of Armenian economy away from Russia in the near term
Armenia's economy is highly dependent on Russia for trade and energy, Fitch Ratings says in a report. It says it does not expect meaningful diversification away from Russia in the near term.Fitch Upgrades Ardshinbank's rating
Fitch Ratings has upgraded Ardshinbank CJSC's Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+' with a stable outlook. At the same time, the bank's Viability Rating (VR) upgraded from "b+" to "bb-", highlighting the bank's strengthened position in Armenia's banking system and its exceptional financial performance.Armenia's IDR's upgrade by Fitch Ratings is positive - Central Bank
The Central Bank of Armenia regards the latest upgrade of the country's Long -Term Foreign-Currency Issuer Default Rating (IDR) by Fitch Ratings as positive, the Deputy Chairman of the Central Bank Armen Nurbekyan told ARKA news agency.News 1 - 20 of 79
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