YEREVAN, August 4. /ARKA/. Moody’s, the international rating agency, simultaneously raised the outlook on Armenia’s sovereign credit rating and changed the outlook on Acba Bank’s Ba3 long-term deposit and issuer ratings from “stable” to “positive.”
This rating corresponds to the sovereign rating of the Republic of Armenia and is currently the highest possible rating level assigned by Moody’s in Armenia.
The rating was assigned to the bank based on the high quality of its assets, significant capital buffer, and strong solvency and liquidity metrics.
Moody’s also emphasizes Acba Bank’s systemic importance in the Armenian financial market, as the bank remains among the country’s top three banks by asset volume.
The bank is supervised by the Central Bank of the Republic of Armenia.
