12:41 - 28.08.2023

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August 28, Fineko/abc.az. The international rating agency Standard & Poor`s Global Ratings has raised the long-term credit ratings of Armenia in foreign and national currencies from "B+" to "BB-", the outlook is "stable".

How does ABC.AZ broadcast? this is stated in the message of the agency.

"Armenia's GDP growth, as well as its financial and foreign trade performance, were already improving before the (Russian-Ukrainian - IF) conflict, and we believe that real GDP growth will remain relatively high over the next few years. In this regard, we have increased long-term sovereign credit ratings of Armenia from "B+" to "BB-" The outlook is "stable," the statement said.

S&P also affirmed Armenia's short-term foreign and national currency sovereign credit ratings at 'B' with a 'stable' outlook.