Fitch rates Armenia's ACBA-CREDIT AGRICOLE Bank bonds at 'B+'December 7, 2017 - 12:50 AMT PanARMENIAN.Net - Fitch Ratings has assigned the long-term "B +" rating to the $5 million bonds of Armenia's ACBA-CREDIT AGRICOLE Bank. In summer of 2017, the bank issued the bonds with 5.5% yield and a maturing period by 2020. Fitch had assigned ACBA-CREDIT AGRICOLE bank the Long-term Issuer Default Rating (IDR) at “B+” with stable outlook back in May. When defining the rating, the agency considered the bank’s absolute leading position in the sector of agriculture financing, infrastructure facilities including the number of branches in all the regions of Armenia, as well as high level of liquidity. The assessment received by Fitch Ratings agency is the highest possible for companies in Armenia and it reassures the leading position of ACBA-CREDIT AGRICOLE bank and its transparent structure. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |