Tue, 10 June
19.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Central Bank of Armenia Reveiwed Ratings of 8 Companies

YEREVAN, June 23. /ARKA/. Armenian Central Bank reviewed ratings of eight Armenian companies. Ratings of five companies were not changed. Rating of one company has gone up and rating of another company has terminated.

Rating of CJSC “Elite Group” and CJSC “Armenian Copper program” is on the level “G” (third letter of Armenian alphabet), CJSC “ Glendale Hills”, CJSC “Publishing-house Tigran Mets” and Open JSC “Pure Iron Plant” – on the level “G plus”, rating of Ltd “Anteres – from “G minus” to “G”. Rating of CJSC “Onix GE” is reduced from “G-” to “D+”.

CB terminated awarding of rating to CSJC “Araratcement” (previous rating – “G plus”) due to termination of cooperation.

The first time CB published the ratings of Armenian companies in September 2005. In 2005 monitoring of CB covered 30 companies, of which only 15 got rating of high class. In accordance with the principles of awarding ratings, CB publishes only the names of the companies which had high ratings. In case of low ratings, CB publishes the names of the companies only by their agreement.

CB is ready to accept the bonds of the companies having high rating (A, B, G) as a pledge during REPO transactions. CB envisaged privileged scale for the assessment of credit risks while providing credits by the banks. –0—

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

Average settlement exchange rate of dram to dollar in May was 0.3% lower than a year ago

In May 2025, the average settlement exchange rate of the Armenian dram to the US dollar was 386.6 drams, which is 0.3% lower than the same indicator in May 2024 (387.8 drams).

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

LATEST NEWS

spot_imgspot_imgspot_img