YEREVAN, September 11. /ARKA/. Fitch Ratings has assigned Armenia’s forthcoming US dollar bonds an expected rating of ‘B+(EXP)’, according to the organization’s press release. The final rating is subject to the receipt of final documentation conforming to information already received.
Fitch Ratings says in its press release that the expected rating is in line with Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Positive Outlook.
The rating on the bonds would be sensitive to any changes in Armenia’s Long-Term Foreign-Currency IDR.
Earlier, in May 2019, Fitch affirmed Armenia’s Long-Term Foreign- and Local-Currency IDRs at ‘B+’ with a Positive Outlook. -0—
