Thu, 31 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Moody’s assigns negative outlook to Russia’s baa1 government bond rating; confirms rating

YEREVAN, June 30. /ARKA/. Moody’s Investors Service has today assigned a negative outlook to Russia’s Baa1 government bond rating and confirmed the rating. This action concludes the review for downgrade that Moody’s initiated on 28 March 2014.

The negative outlook was triggered by the following factors:
1.) The rise in Russia’s susceptibility to geo-political event risk
2.) A deterioration of Russia’s medium-term economic growth outlook

The rating was confirmed against the background of Russia’s strong fiscal and external accounts, which Moody’s does not expect to be materially affected by the current geo-political tensions related to the Ukraine and the lower GDP growth trajectory projected in the coming years.
Russia’s Prime-2 short-term debt rating was affirmed. –0–

spot_img

POPULAR

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img