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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |