Moody's upgrades IDBank's long-term deposit ratings to B1, changes outlook to stable from positiveDecember 14, 2023 - 10:59 AMT PanARMENIAN.Net - Moody's Investors Service ("Moody's") has upgraded IDBank's long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable from positive. Concurrently, Moody's upgraded the bank's Baseline Credit Assessment (BCA) and Adjusted BCA to b1 from b2, upgraded the bank's long-term local and foreign currency Counterparty Risk Ratings (CRRs) to Ba3 from B1, and upgraded the long-term Counterparty Risk Assessment (CR Assessment) to Ba3(cr) from B1(cr). 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 | Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. |