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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |