Moody’s downgrades Armenia’s idr from Ba2 to Ba3, outlook from stable to negative

YEREVAN, January 16. /ARKA/. Moody’s Investors Service has today downgraded Armenia’s issuer and government bond rating to Ba3 from Ba2, and changed the outlook to negative from stable, the agency’s website reports.

The key drivers for the downgrade are first, Armenia’s increased external vulnerability due to declining remittances from Russia, an uncertain outlook for foreign direct investment (FDI), an elevated susceptibility to exchange rate volatility, and expected pressure on foreign exchange (FX) reserves, says the report.

The other factor is the country’s impaired growth outlook, compounded by negative growth spillovers from Russia, weak investment activity, and constraints on trade with countries outside the Eurasian Economic Union (EEU) that are expected from Armenia’s recent EEU accession, Moody’s says.

In a related action, Moody’s has also lowered the local-currency bond and deposit ceilings to Ba1 from Baa3, the foreign-currency bond ceiling to Ba2 from Ba1, as well as the foreign-currency deposit ceiling to B1 from Ba3. The short-term foreign-currency bond ceiling and the foreign-currency deposit ceiling remain at NP, the document says.

In early August 2014, Fitch Ratings re-affirmed Armenia’s long-term Issuer Default Rating (IDR) at BB with stable outlook. –0–

spot_img

POPULAR

Investment portfolio of Armenian credit institutions in the first quarter of 2026 exceeded 100.6 billion drams

The total investment portfolio of Armenian credit institutions in the first quarter of 2026 amounted to 100.6 billion drams, according to the consolidated financial report of the country's credit institutions.

In Armenia, commercial bank deposits grew by 2.2% and lending by 1.6% in March — World Bank

In March, commercial bank deposits increased by 2.2% (MoM), while lending grew by 1.6% (MoM), according to the World Bank's "Armenia Monthly Economic Update – May 2026."

Deposits in Armenian commercial banks exceeded 7.5 trillion drams at the end of March

Deposits in commercial banks in Armenia at the end of March 2026 amounted to 7,581,163 million drams, compared to 7,418,404 million drams in February. This is according to data from the Statistical Committee.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in Q1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first quarter of 2026.

531,000 pensioners in Armenia are already receiving cashback for non-cash transactions: minister

As of April 2026, 531,000 pensioners and benefit beneficiaries in Armenia were using the cashback program for non-cash purchases, according to RA Minister of Labor and Social Affairs Arsen Torosyan.

LATEST NEWS

spot_imgspot_imgspot_img