YEREVAN, February 6. /ARKA/. Fitch Ratings has affirmed ACBA Bank OJSC’s (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘BB-‘ and its Viability Rating (VR) at ‘bb-‘.
The Outlook is Stable, Acba Bank said in a press release.
The rating assigned by Fitch reflects the bank’s strong financial position, solid capital position and improved asset quality. The bank’s stable outlook reflects its ability to navigate the competitive landscape and contribute to Armenia’s economic development.
Fitch emphasized that Akba Bank’s asset quality and financial stability remain strong.
The bank is supervised by the Central Bank of Armenia. -0-
