The Armenian government has commented on the report published by Moody's Investors Service ("Moody's") which affirmed Armenia’s Ba3 local and foreign currency long-term issuer ratings and foreign currency senior unsecured rating. The outlook remained stable.
During today’s Cabinet meeting, Minister of Finance Tigran Khachatryan says given that Moody’s last assessment was made in 2019, after which in 2020 Armenia’s economy faced major risks because of the COVID-19 pandemic and the Artsakh War, this assessment records increase in the resistance of the country’s economy to such risks.
He says that the economic policy of the Armenian government from this perspective is effective.
“This is a very important signal for international investors because it rea...
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