57926
Armenia  Outlook Stable
Armenia  Outlook Stable

Armenia Outlook Stable

Armenia Outlook Stable

Fitch Ratings has affirmed Armenia’s Long-Term Foreign and Local Currency Issuer Default Ratings at ‘B+’ with stable outlook, Panorama reported. According to the release issued by the statistical rating organization, the issue ratings on Armenia’s senior unsecured Long-Term Foreign Currency bonds have also been affirmed at ‘B+’. The Country Ceiling has been affirmed at ‘BB-’ and the Short-Term Foreign Currency and Local Currency IDRs at ‘B’. At the same time, the organization points out the ratings are weighed down due to the high net external debt, high fiscal deficits leading to a rising debt burden, a highly dollarized banking sector and tensions with some neighboring countries.

 

Short URL : https://goo.gl/tH9ji7
  1. https://goo.gl/TK7yeV
  • https://goo.gl/4syQIR
  • https://goo.gl/VCSA54
  • https://goo.gl/rxnqpa
  • https://goo.gl/fBL7iV

You can also read ...

Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.
Expectations for Turkey's end-2018 inflation rate rose from 12...
Trump Tactics Sabotaging US Economy, Markets
Wall Street could be making a costly mistake. According to...
Apple Watch Smells Losses
The latest round of US tariffs on $200 billion of Chinese...
File photo of finance ministers and central bankers from the G20 nations.
Global economic growth is poised to pick up this year, though...
Italian Bonds, Stocks Fall
Italian bond yields rose and equities sold off on Friday after...
Technology Can Help Workers From the Informality Trap
Technology and what it will do to change how people work is...
Moody’s Warns Philippines of Downside Risk
Debt watcher Moody’s Investors Service on Friday said the...
A weaker yuan remains a source of risk for global currency markets.
The Chinese yuan slid to its lowest in more than a year on...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus