Fitch Ratings has affirmed Armenia's long-term foreign-currency issuer default rating at BB-, while maintaining a Positive outlook, according to the country's Ministry of Finance.

The agency forecasts that Armenia's real gross domestic product (GDP) will expand by 5.2% in 2026, well above the projected 2.9% average for countries in the BB rating category.

According to Fitch, Armenia's sovereign rating reflects a stable macroeconomic policy framework, sustained strong economic growth and the continued rise in income per capita.