Moody’s changes Armenia’s rating from negative to stable

YEREVAN, August 21. /ARKA/. Moody’s Investor Service released a report saying it changes outlook on Armenia’s Ba2 rating to stable from negative, Armenia’s ministry of finance reported.

In November 2011 Moody’s downgraded outlook on Armenia’s Ba2 rating from stable to negative.

The key drivers of the change in the outlook are Armenia’s commitment to multi-year fiscal consolidation, driven partly by a steady revenue mobilisation; gradual reduction in Armenia’s still large current account deficit at 11.1% of GDP at year-end 2012, supported by an improving income balance; and access to external funding sources on favourable terms, including significant private remittances, FDI inflows and official lending sources, according to the report.

Moody’s has also changed the local-currency ceiling in Armenia to Baa3 from Baa1.–0–

spot_img

POPULAR

Euro and ruble exchange rates against the Armenian dram rose, while the dollar continued to decline: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.06 points on September 9, 2026, compared to September 8, to 363.58 drams.

Loans issued by Armenian commercial banks approached 8.9 trillion drams at the end of July

The volume of loans issued by commercial banks in Armenia as of the end of July 2026 amounted to 8,898,629 million drams, compared to 8,775,241 million drams at the end of June.

Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO

Armenian investment company assets have grown approximately sixfold since 2021, from 67 billion drams to over 400 billion drams, said Grigor Harutyunyan, CEO of Dimension Investments.

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

AMX held government bond placement and exchange auctions totaling approximately 38 billion drams

Yesterday, the Armenia Securities Exchange held a government bond placement auction totaling 35 billion drams and exchange auctions totaling over 2.9 billion drams.

LATEST NEWS

spot_imgspot_imgspot_img