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Tag: Negative

Fitch affirms ratings of ACBA-CREDIT AGRICOLE BANK and Ardshinbank at ‘B +’, revises outlooks to Negative from Stable

Banks
Fitch Ratings has revised the Outlooks on ACBA-CREDIT AGRICOLE CJSC's (ACBA) and Ardshinbank CJSC's (Ardshin) Long-Term Issuer Default Ratings (IDRs) to Negative from Stable and affirmed the IDRs at 'B+', according to the agency’s press release

Moody’s downgrades Armenia’s idr from Ba2 to Ba3, outlook from stable to negative

Economy
Moody's Investors Service has today downgraded Armenia's issuer and government bond rating to Ba3 from Ba2, and changed the outlook to negative from stable, the agency’s website reports

S&P upgrades outlook for India rating to “stable” from “negative”

Economy
Standard and Poor's raised the outlook for India's "BBB-minus" rating to "stable" from "negative," saying the country's government mandate and improved political setting offered a conducive environment for reforms, Reuters reported

Moody’s changes U.S. rating from “Negative” to “Stable”

Economy
Moody’s reviewed U.S. credit rating up from “negative” to “stable,” RIA Novosti reported referring to Reuters

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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