Armenia expected improvement of its rating by Fitch, Moody’s and S&P, but not affirmation – Kerobyan

YEREVAN, October 12. /ARKA/.  Economy minister Vahan Kerobyan said in an interview that  Armenia expected rating agencies Fitch, Moody’s and S&P to improve the country’s rating rather than reaffirm its current ones.

“We were somewhat disappointed that our ratings were reaffirmed and not upgraded, as we do have significant progress in finances and high economic growth, which naturally should have influenced the rating. But risks were apparently also taken into consideration: we live in a complex geopolitical situation; the region is full of challenges,” said Kerobyan to the Public Television of Armenia.

The Minister said he had been told by representatives of rating agencies that Armenia’s real rating is higher than the final one. He expressed confidence that if the geopolitical risks don’t materialize, Armenia’s rating will be raised very soon.

The rating agency Standard and Poor’s (S&P) yesterday affirmed Armenia’s long-term/short-term foreign and local currency sovereign credit ratings at “B+”/”B” with a “stable” outlook.

On September 2, Fitch Ratings affirmed Armenia’s long-term foreign currency issuer default rating (“IDR”) at “B+” with a “stable” outlook.

In March this year, Moody’s Investors Service affirmed Armenia’s sovereign rating at Ba3 with a negative outlook. –0–

spot_img

POPULAR

Market capitalization exceeded 426 billion drams in July – Armenia Securities Exchange

Equity market capitalization exceeded 426 billion drams in July 2026, the press service of the Armenia Securities Exchange (AMX) reported.

Average exchange rate of the Armenian dram to the US dollar in July was 366.8 drams, compared to 384.1 drams a year earlier

In July 2026, the average exchange rate of the Armenian dram to the US dollar in Armenia was 366.8 drams (in July 2025, the exchange rate was 384.1 drams).

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

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

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Armenia to attract $150 million loan from ADB for budget support

At a meeting on Thursday, the Armenian government approved a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Market Development – ​​Subprogram 3" program.

LATEST NEWS

spot_imgspot_imgspot_img