YEREVAN, May 2. \/ARKA\/. Armenia\u2019s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country’s credit rating despite positive financial indicators reported by the government over the past seven years.<\/p>\n\n\n\n
Hovhannisyan noted that the reasons for the rating’s lack of change are complex. While there was an improvement in ratings during 2022-2023, recent discussions with investors ahead of the planned Eurobond issuance in March 2025 raised questions about the current “BB-” rating.<\/p>\n\n\n\n
\u201cIn our view, the main factor impacting our rating is the geopolitical situation,\u201d he explained during a press conference on Friday.<\/p>\n\n\n\n
He added that progress in the country\u2019s rating is anticipated upon the signing of a peace treaty with Azerbaijan.<\/p>\n\n\n\n
\u201cOnce that happens, we are confident that our rating will improve,\u201d Hovhannisyan stated.<\/p>\n\n\n\n
Fitch Ratings confirmed on January 28, 2025, Armenia’s long-term foreign currency Issuer Default Rating (IDR) at \u2018BB-\u2019 with a \u2018Stable\u2019 outlook.<\/p>\n\n\n\n
Meanwhile, Standard and Poor’s (S&P) reaffirmed Armenia’s long-term\/short-term sovereign credit ratings on foreign and local currency obligations at \u2018B-\u2019\/’B’ with a \u2018Stable\u2019 outlook on February 26, 2024.<\/p>\n\n\n\n
Additionally, Moody’s Investors Service maintained Armenia’s Ba3 sovereign rating with a negative outlook as of March 2022.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"
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