Tuesday, May 17 2011 17:47

Armenian Central Bank reduces rating of 4 companies


Arminfo. Armenian Central Bank has reduced the rating of 4 companies and risen that of 1. The rating of 5 companies was preserved at the same level.

As press-service of Central Bank reported, the bank increased only the rating of Yerevan Jewelry factory OJSC "Gnomon" by two scales - to "G" (the second letter in the Armenian alphabet) against the rating "D" (the third letter of the Armenian alphabet) given to the factory on 28 April 2009.

The rating of the "Elite Group" fell to "G-" (against the previous "G", rating of "Glendale Hills" - fell to "G-" (against the previous "G+" given on 22.06. 2010); "Carcomavto" Ltd - "G" (against "G+" on 26.02.2010) and "Armenian molybdenum production" - "G+" (against "B-", 25.06.2010).
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