Tag: Ratings

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)

On October 12, 2021, S&P Global Ratings assigned its ‘B+’ long-term foreign- and local-currency sovereign credit ratings to Armenia. At the same time, it assigned its ‘B’ short-term foreign- and local currency ratings. The outlook is positive. It also assigned its 'BB-' transfer and convertibility assessment to Armenia

RAEX-Europe confirmed the sovereign government credit rating (SGC) of Armenia at ‘BB-’ (sufficient level of creditworthiness of the government) in national currency and at ‘BB-’ (sufficient level of creditworthiness of the government) in foreign currency. The rating outlook changed from stable to negative, which means that in the mid-term perspective there is a high probability of downgrading the rating score, RAEX-Europe said in a report

Armenia’s general government debt is projected to rise from 53.6% at end-2019 to 59.2% of GDP in 2020 before falling back to 56.0% in 2021, upward revisions of 9.4pp and 7.4pp, respectively, since our last review, and well above the current 'BB' median of 46.5%, Fitch Ratings said in a report

Armenian banking sector fundamentals will weaken as a result of the coronavirus shock, captured by the negative banking sector outlook for 2020, Fitch Ratings said in a report after revising the outlook on Armenia's Long-Term Issuer Default Ratings (IDR) to negative from stable and affirmed the IDRs at 'BB-'.

The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region - Russia, Ukraine, Kazakhstan, Armenia, Azerbaijan, Belarus and Georgia. The banking sector outlook for Uzbekistan remains stable

Fitch Ratings has affirmed ACBA-Credit Agricole Bank CJSC's (ACBA) and Ardshinbank CJSC's (Ardshin) Long-Term Foreign-Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlooks

The banking sector is well-capitalised but profitability is low and loan growth remains high, at 15.4% yoy at September-end 2019, boosted by mortgage loan and consumer lending, Fitch said in a report

Fitch Ratings says key risks have materialized in different CIS banking markets and, in some cases, remain sources of vulnerability

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of ACBA-CREDIT AGRICOLE BANK at the level of B + with a stable outlook, the Yerevan-based bank reported

Fitch Ratings has revised Armenia's to Positive from Stable, while affirming the sovereign's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+'

The Fitch Ratings agency has assigned the long-term "B +" rating to USD-denominated bonds of Armenia-based ACBA-CREDIT AGRICOLE BANK