{"id":251369,"date":"2024-02-26T14:43:02","date_gmt":"2024-02-26T14:43:02","guid":{"rendered":"https:\/\/armbanks.am\/2024\/02\/26\/251369\/"},"modified":"2024-02-26T14:43:02","modified_gmt":"2024-02-26T14:43:02","slug":"standard-and-poors-affirms-armenias-sovereign-ratings-maintaining-stable-outlook","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/02\/26\/251369\/","title":{"rendered":"Standard and Poor’s affirms Armenia’s sovereign ratings, maintaining “stable” outlook"},"content":{"rendered":"\n

YEREVAN, February 26. \/ARKA\/.\u00a0<\/strong>S&P Global\u00a0Ratings Services has affirmed the sovereign ratings of the Republic of Armenia’s long-term\/short-term foreign and local currency issues at “BB -“\/”B”, keeping the “stable” outlook unchanged, the press service of the Ministry of Finance reported.<\/p>\n\n\n\n

On August 25, 2023, S&P Global Ratings raised Armenia’s long-term foreign and local currency sovereign credit ratings to “BB-” from “B+” and affirmed short-term foreign and local currency sovereign credit ratings at “B” with “Stable” outlook.<\/p>\n\n\n\n

S&P Global Ratings said the rating affirmation is based on the country’s strong economic growth prospects, consistent availability of external financing and a framework of prudent macroeconomic policies, which has helped maintain the country’s macroeconomic and financial stability in recent years despite numerous external shocks.<\/p>\n\n\n\n

The stable outlook reflects, on the one hand, Armenia’s favorable economic growth prospects and the government’s maintenance of public debt at a stable and manageable level, and on the other hand, the existing external balance of payments and geopolitical risks.<\/p>\n\n\n\n

S&P Global Ratings said the challenges to Armenia’s economy are related to the flows of forcibly displaced persons from Nagorno-Karabakh and migrants from the Russian Federation, as well as regional geopolitical uncertainty.<\/p>\n\n\n\n

It is noted that in the absence of rising geopolitical tensions, Armenia’s economic prospects remain strong, reflecting higher labor productivity, mainly due to capital and labor inflows into the IT sector. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

S&P Global\u00a0Ratings Services has affirmed the sovereign ratings of the Republic of Armenia’s long-term\/short-term foreign and local currency issues at “BB -“\/”B”, keeping the “stable” outlook unchanged, the press service of the Ministry of Finance reported<\/p>\n","protected":false},"author":1,"featured_media":157312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-251369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=251369"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157312"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}