{"id":2331,"date":"2008-05-06T00:00:00","date_gmt":"2019-03-29T09:31:10","guid":{"rendered":"https:\/\/crrc.am\/blog\/fitch-ratings-and-armenias-sovereign-rating-outlook\/"},"modified":"2025-11-07T10:40:03","modified_gmt":"2025-11-07T06:40:03","slug":"fitch-ratings-and-armenias-sovereign-rating-outlook","status":"publish","type":"post","link":"https:\/\/www.crrc.am\/en\/blog\/fitch-ratings-and-armenias-sovereign-rating-outlook\/","title":{"rendered":"Fitch Ratings and Armenia\u2019s Sovereign Rating Outlook"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><\/p>\n<div> On April 29, 2008 CRRC-Armenia invited a round table on Fitch Ratings and Armenia&#8217;s sovereign rating outlook during which Mr. Edward Parker, Senior Director for Russia and the CIS, Bulgaria and Slovakia in Fitch&#8217;s Sovereigns team, and Mr. Andrew Colquhoun, Director in Fitch&#8217;s Emerging Europe team, met with Armenian experts.<\/p>\n<p> Fourteen experts from different insitutions such as AIPRG, FSDP, ICARE, Armenian Coppers Program, Yerevan State University, VGM Partners, Central Bank of Armenia, AEPLAC, Armimpexbank and CRRC-Armenia took part in two-hour round table to lay down their opinions and concerns about economic risks in Armenia.<\/p><\/div>\n<p> <\/p>\n<div> <a href=\"\/\/4.bp.blogspot.com\/_g4EVbT-7mQU\/SCBJSZ442JI\/AAAAAAAAANU\/P9nUTzksF_E\/s1600-h\/fitch+ratings.jpg\" onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\"><\/a><\/div>\n<p> <\/p>\n<div> <a href=\"\/\/1.bp.blogspot.com\/_g4EVbT-7mQU\/SCA-fp442GI\/AAAAAAAAAM8\/0UObTwxtK0g\/s1600-h\/peer+group.jpg\" onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\"><img decoding=\"async\" alt=\"\" src=\"\/\/1.bp.blogspot.com\/_g4EVbT-7mQU\/SCA-fp442GI\/AAAAAAAAAM8\/0UObTwxtK0g\/s320\/peer+group.jpg\"><\/a><a href=\"http:\/\/www.fitchratings.com\/\">Fitch Ratings<\/a> is a leading global rating agency committed to providing the world&#8217;s credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.<\/p>\n<p> In 2006, Armenia received an international credit rating for the first time. Fitch assigned a lower &#8216;BB-&#8216; sovereign credit rating indicating a relatively high risk of doing business, as the economy remains vulnerable to shocks due to its high degree of dollarization, underdeveloped financial services, low value-added economic activity, as well as the Nagorno-Karabakh conflict.<\/p>\n<p> <a href=\"\/\/1.bp.blogspot.com\/_g4EVbT-7mQU\/SCA_Op442HI\/AAAAAAAAANE\/SR1Dhu7rXtQ\/s1600-h\/sw.jpg\" onblur=\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\"><img decoding=\"async\" alt=\"\" src=\"\/\/1.bp.blogspot.com\/_g4EVbT-7mQU\/SCA_Op442HI\/AAAAAAAAANE\/SR1Dhu7rXtQ\/s320\/sw.jpg\"><\/a>The last rating was published in May 1, 2007, when Fitch Ratings revised the Outlook on Armenia&#8217;s &#8216;BB-&#8216; IDRs to Positive.<\/p>\n<p> The images illustrate how last ratings made Armenia relate to other countries in the peer group, as well as Armenia&#8217;s particular strengths and weaknesses.<\/p>\n<p> To learn more, please visit <a href=\"http:\/\/www.fitchratings.com\/\">www.fitchratings.com<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On April 29, 2008 CRRC-Armenia invited a round table on Fitch Ratings and Armenia&#8217;s sovereign rating outlook during which Mr. Edward Parker, Senior Director for Russia and the CIS, Bulgaria and Slovakia in Fitch&#8217;s Sovereigns team, and Mr. Andrew Colquhoun, Director in Fitch&#8217;s Emerging Europe team, met with Armenian experts. Fourteen experts from different insitutions [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2332,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[23],"tags":[93,216],"new-categories":[790],"project-result-tag":[],"class_list":["post-2331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-armenia","tag-round-table","new-categories-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fitch Ratings and Armenia\u2019s Sovereign Rating Outlook - CRRC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.crrc.am\/en\/blog\/fitch-ratings-and-armenias-sovereign-rating-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch Ratings and Armenia\u2019s Sovereign Rating Outlook - CRRC\" \/>\n<meta property=\"og:description\" content=\"On April 29, 2008 CRRC-Armenia invited a round table on Fitch Ratings and Armenia&#8217;s sovereign rating outlook during which Mr. Edward Parker, Senior Director for Russia and the CIS, Bulgaria and Slovakia in Fitch&#8217;s Sovereigns team, and Mr. Andrew Colquhoun, Director in Fitch&#8217;s Emerging Europe team, met with Armenian experts. 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