17:29 - 28.07.2026

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July 28, Fineko/abc.az. International rating agency Moody's has improved its outlook on Armenia's long-term ratings amid progress made in the peace agenda with Azerbaijan.

The agency has upgraded Armenia's rating outlook from Stable to Positive, while maintaining the issuer's long-term rating in both local and foreign currencies at Ba3.

"The positive outlook reflects a significant reduction in political risks due to the decreased likelihood of large-scale military conflicts with Azerbaijan, the shift towards a more diversified range of external relations, and the limited level of internal political risks," the report states.

At the same time, the agency believes that despite the decrease in geopolitical risks, changes in Armenia's foreign policy and uncertainty in its relations with Russia still pose a risk to the country's economic security due to the continued close economic ties between the two countries.