Fri, 4 July
20.1 C
Yerevan
USD: 384.46 RUB: 4.89 EUR: 453.47 GEL: 141.43 GBP: 525.21

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

YEREVAN, July 3. /ARКА/. 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.

It is noted that the decision to affirm the rating at Ba3 is due to the stable growth potential of the economy of the Republic of Armenia, as well as a moderately high level of institutional development and public administration efficiency. At the same time, geopolitical risks continue to be the main factors putting pressure on the rating.

“The international rating agency’s stable outlook reflects the balance of risks affecting Armenia’s loan portfolio. According to Moody’s, the country’s economic prospects may exceed current expectations, driven by a more significant increase in labor productivity. This, in turn, creates the basis for reducing the level of public debt and improving its servicing capabilities,” the statement says.

According to the agency’s forecast, the country’s long-term economic growth will strengthen at 5%, driven by increased investment in fixed assets and improved quality of human capital.

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

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