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Inernational Rating To Be Given To Armenian ArmEconomBank InAugust-S

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  • Inernational Rating To Be Given To Armenian ArmEconomBank InAugust-S

    INTERNATIONAL RATING TO BE GIVEN TO ARMENIAN ARMECONOMBANK IN AUGUST-SEPTEMBER 2006

    ARKA News Agency, Armenia
    June 12 2006

    YEREVAN, June 12. /ARKA/. International rating is expected to be given
    to Armenian Armeconombank in August-September 2006, Armeconombank
    Executive Director Ashot Osipyan said Friday at a press conference.

    In his words, appropriate agreement has already signed with Moody's
    rating agency. He said it is impossible to join international market
    without this rating.

    Osipyan also said the bank is believed to receive deposit rating. He
    said that it is "very difficult and romantic" to get the same rating
    as the republic's, because, as a rule, economy entities get a rating
    one step lower than their countries.

    Fitch rating agency gave Armenia "BB-" credit rating on June 5.

    From: Emil Lazarian | Ararat NewsPress
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