#FITCH
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.Influx of immigrants boosted Armenia’s fiscal performance in 2022 -Fitch Ratings
An influx of immigrants (estimated by the authorities at about 65,000) from Russia, Ukraine and Belarus, representing a 2.2% annual increase in the population, has boosted external as well as macroeconomic and fiscal performance, according to Fitch Ratings’ revised Outlook.Fitch experts say resumption of hostilities between Armenia and Azerbaijan is possible
Tensions with Azerbaijan escalated in 2H22, with renewed military hostilities in the disputed Nagorno-Karabakh region as well as Azerbaijani territorial incursions into Armenian border regions, which it continues to hold, Fitch Ratings said in a revised Outlook.News 1 - 20 of 76
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