Tue, 8 July
26.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

YEREVAN, August 26. /ARKA/. On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia’s long-term and short-term sovereign credit ratings in both foreign and local currency at “BB-/B.” The agency also maintained its “stable” outlook for the country.

The stable outlook reflects a balance between Armenia’s strong economic growth prospects and moderate levels of public debt, set against existing vulnerabilities in the balance of payments and elevated geopolitical risks, the agency reported.

The agency noted that a positive rating action could be considered if Armenia’s public finances significantly exceed expectations or if the risk of a sudden reversal of Russian capital flows diminishes, thereby reducing potential pressure on the balance of payments. Additionally, a reduction in geopolitical risks would further support a positive rating action.

Conversely, a downgrade could be considered if substantial pressure on the balance of payments materializes, and fiscal performance falls significantly short of current projections. This scenario could arise from an escalation of geopolitical tensions with Armenia’s neighbors or a reversal of financial and labor flows from Russia.

spot_img

POPULAR

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

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