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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |