Armenia’s Central bank grants rating to Glendale Hills
31.01.2009,
00:42
The Central Bank of Armenia (CBA) has granted a G+ rating (third letter of Armenian alphabet) to Glendale Hills construction firm, the CBA press service reports.
YEREVAN, January 30. /ARKA/. The Central Bank of Armenia (CBA) has granted a G+ rating (third letter of Armenian alphabet) to Glendale Hills construction firm, the CBA press service reports.
The Central Bank has been rating local companies since 2005. The bank publishes the names of the companies that have earned the highest ratings (A,B,G). In case of lower ratings (D,E,Z), CBA needs the companies permission to publish their names.
The Central Bank is ready to use the shares of the highly-rated companies as a guarantee in repo agreements with banks. Besides, CBA has offers these companies more preferential risk assessment ratings when getting loans from banks. Thirty-eight companies have entered the CBA rating list. –0--
The Central Bank has been rating local companies since 2005. The bank publishes the names of the companies that have earned the highest ratings (A,B,G). In case of lower ratings (D,E,Z), CBA needs the companies permission to publish their names.
The Central Bank is ready to use the shares of the highly-rated companies as a guarantee in repo agreements with banks. Besides, CBA has offers these companies more preferential risk assessment ratings when getting loans from banks. Thirty-eight companies have entered the CBA rating list. –0--
