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Moody’s changes U.S. rating from “Negative” to “Stable”

YEREVAN, July 19./ARKA/. Moody’s reviewed U.S. credit rating up from “negative” to “stable,” RIA Novosti reported referring to Reuters.

Moody’s downgraded credit rating of the USA to negative in August 2011. Early this year, Moody’s warned the U.S. economy might face downturn in sovereign credit rating.

However, on Friday the agency affirmed Aaa for the USA and reviewed its forecasts to “stable.” Moody’s said the measures taken by the U.S. government meet the requirements of the agency.—0-

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Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

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Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Insurance market of Armenia is in embryonic state

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Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

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