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FITCH GRANTS ARMENIA BB- RATING
RIA Novosti, Russia
June 5 2006
YEREVAN, June 5 (RIA Novosti) - International rating agency Fitch
said Monday it had assigned Armenia foreign and local currency issuer
default ratings of BB- with a stable outlook.
The agency also assigned the country a short-term rating of B, and
a country ceiling of BB-.
David Riley, Managing Director of Fitch's Sovereigns Group,
said: "Armenia's sovereign credit ratings are supported by prudent
macroeconomic policies and a declining public and external debt burden
that compares favorably with rated peers."
He said the country's impressive economic performance had been
underpinned by a robust and coherent macroeconomic policy framework,
and wide-ranging structural reforms that had enhanced the capacity
of the economy to absorb adverse shocks.
RIA Novosti, Russia
June 5 2006
YEREVAN, June 5 (RIA Novosti) - International rating agency Fitch
said Monday it had assigned Armenia foreign and local currency issuer
default ratings of BB- with a stable outlook.
The agency also assigned the country a short-term rating of B, and
a country ceiling of BB-.
David Riley, Managing Director of Fitch's Sovereigns Group,
said: "Armenia's sovereign credit ratings are supported by prudent
macroeconomic policies and a declining public and external debt burden
that compares favorably with rated peers."
He said the country's impressive economic performance had been
underpinned by a robust and coherent macroeconomic policy framework,
and wide-ranging structural reforms that had enhanced the capacity
of the economy to absorb adverse shocks.