Moody's raises Ameriabank’s rating to Ba3September 4, 2019 - 12:15 AMT PanARMENIAN.Net - Moody's has reviewed and raised the following ratings of Ameriabank CJSC: - B1 to Ba3 for long-term local currency bank deposits, - B2 to B1 for long-term foreign currency bank deposits, - Ba3 to Ba2 for long-term counterparty risk (CRR). This follows the upgrade of Armenia's sovereign rating to Ba3 (stable outlook) from B1 (positive outlook) on 27 August 2019. The upgrade of Ameriabank's long-term local currency deposit rating to Ba3 from B1 was driven by the upgrade of its Baseline Credit Assessments (BCAs) to ba3 from b1.The upgrade of the bank's BCA to ba3 reflects a combination of improved Armenian banking system's Macro Profile and the bank's consistently sound financial metrics such as. - Historically strong asset quality indicators, - Its strong capital position, - Robust profitability metrics, and - Sufficient liquidity and diversified funding base. 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 | Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. At least 2 CSTO members participated in preparing 44-day war against Armenia – PM Nikol Pashinyan has declared that at least two CSTO member countries participated in preparations for the 44-day war against Armenia. |