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Tag: Fitch

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch Ratings affirms ACBA Bank’s  Long-Term Foreign-Currency  Issuer Default Rating at ‘BB-‘ 

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-'.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Fitch Affirms Armenia at ‘BB-‘; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term (LT) Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.

Fitch upgrades outlook for Acba Bank to Positive from Stable

Fitch Ratings has revised Armenian ACBA BANK Open Joint-Stock Company's  (ACBA) Outlook to Positive from Stable. Its Long-Term Issuer Default Ratings (IDRs) has been affirmed at 'B+, Acba Bank said today

Fitch Ratings: business conditions will remain supportive for lenders in Armenia

The sector outlook for 2022 for banks in the CIS+ region is neutral, Fitch Ratings said. According to it,  business conditions will remain supportive for lenders in the region (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Russia, Ukraine and Uzbekistan)

Fitch forecasts 7.4% for Armenia in 2021

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook, saying also that inflation accelerated to 8.8% yoy in August 2021, above the Central Bank of Armenia's (CBA) target of 4.0%, driven primarily by global pressures on food prices (15.1% yoy), rebounding demand from the 2020 recession, and bottlenecks in supply chains

Fitch Affirms Armenia at ‘B+’; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook

Fitch Affirms ACBA Bank at ‘B+’, Outlook Negative

Fitch Ratings has affirmed the Armenia's ACBA BANK Open Joint-Stock Company's (ACBA) Long-Term Issuer Default Rating (IDR) at 'B+' with a Negative Outlook. A full list of rating actions is at the end of this commentary

Fitch Affirms Ardshinbank at ‘B+’, Outlook Negative

Fitch Ratings has affirmed Armenia's Ardshinbank CJSC's (Ardshin) Long-Term Issuer Default Rating (IDR) at 'B+' with a Negative Outlook

Fitch Affirms Armenia at ‘B+’; Outlook Stable

The impact of the twin Covid-19 pandemic and conflict shocks saw Armenian government indebtedness reverse its prior downward trend, with general government debt/GDP rising 13.8pp to 67.3% at end-2020, overtaking the current 'B' median (63.8%), Fitch Ratings said last week after affirming Armenia's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B+' with a Stable Outlook