Monday, July 18 2011 20:00

Armenia's Central Bank lowers ratings of ArmRusgasprom and Mika Cement.


ArmInfo. The Central Bank of Armenia has lowered the ratings of two companies: ArmRusgasprom (from B to B-) and Mika Cement (from G to G-).

The ratings of Electric Networks of Armenia and Elektropribor have not been changed - G+ and G-, respectively.

According to the press service of the CB, Onix CJSC has asked the CB to no longer rate it, the company's last rating being D+.

POST A COMMENT
Input digits     


News
Armenia`s government to allocate AMD 2.9bln under regional subvention  programmes approved and implemented in 2014-2022Armenia`s government to allocate AMD 2.9bln under regional subvention  programmes approved and implemented in 2014-2022
Economy Minister: Rallies and marches in Yerevan  in 2024 cause a  decrease in Russian tourist arrivalsEconomy Minister: Rallies and marches in Yerevan  in 2024 cause a  decrease in Russian tourist arrivals
AMX 2024 awards most active market participantsAMX 2024 awards most active market participants
Learn to save. World Savings Day with Idram JuniorLearn to save. World Savings Day with Idram Junior
The price of the issue: how much will MMR construction cost ArmeniaThe price of the issue: how much will MMR construction cost Armenia
Martin Galstyan: Reduction of refinancing rate from 9.75% to 7.25%  kept loan rates from rising significantlyMartin Galstyan: Reduction of refinancing rate from 9.75% to 7.25%  kept loan rates from rising significantly
Armenia`s Deputy Minister of Finance presents country`s economic  development strategies at t the annual meetings of IMF, WB Board of  Governors Armenia`s Deputy Minister of Finance presents country`s economic  development strategies at t the annual meetings of IMF, WB Board of  Governors 
Armenia`s CB reduces refinancing rate - 7.5% down to 7.25%Armenia`s CB reduces refinancing rate - 7.5% down to 7.25%
Armenia to develop business tourismArmenia to develop business tourism
Central Bank of Armenia considers it necessary to enhance  effectiveness of government capital expenditures and refine tax  policiesCentral Bank of Armenia considers it necessary to enhance  effectiveness of government capital expenditures and refine tax  policies
Zangezur Copper and Molybdenum Plant- top taxpayer in ArmeniaZangezur Copper and Molybdenum Plant- top taxpayer in Armenia
Minister: Armenia`s planned 5.6% GDP growth for 2025 is a very high  figureMinister: Armenia`s planned 5.6% GDP growth for 2025 is a very high  figure
Gold re-export contributed to Armenia`s economic activity this  Jan-Aug - ministerGold re-export contributed to Armenia`s economic activity this  Jan-Aug - minister
Armenia`s government plans EUR 500mln Eurobond issue Armenia`s government plans EUR 500mln Eurobond issue 
Stregthening resilience and increasing economic potential one of  major tasks of Armenia`s government next year - minister Stregthening resilience and increasing economic potential one of  major tasks of Armenia`s government next year - minister 
No effort must be spared for Armenian citizens to grow rich by  working under law - premier No effort must be spared for Armenian citizens to grow rich by  working under law - premier 
Consensus on medical insurance intriduction stages reached - ministerConsensus on medical insurance intriduction stages reached - minister
Customs duties for Armenian exporters to be reduced after agreement  with Iran ratified Customs duties for Armenian exporters to be reduced after agreement  with Iran ratified 
Ameriabank presents MyHome ecosystem at Toon EXPOAmeriabank presents MyHome ecosystem at Toon EXPO
Economic activity growth in Armenia slowed down to 8.7% in  January-September 2024 Economic activity growth in Armenia slowed down to 8.7% in  January-September 2024 
In Armenia, industrial price index increased from 101.3% to 102.9% in  January-September 2024 In Armenia, industrial price index increased from 101.3% to 102.9% in  January-September 2024 
The course of the IDream program has started. IDBankThe course of the IDream program has started. IDBank
Agroforestry systems to be introduced in four Armenian regions of  Armenia Agroforestry systems to be introduced in four Armenian regions of  Armenia 
Agreement between Armenian government, Lydian Armenia postponed Agreement between Armenian government, Lydian Armenia postponed 
DFC announces $50 million in financing for ACBA Bank to support small  and medium size businesses with a strong focus on women`s  entrepreneurshipDFC announces $50 million in financing for ACBA Bank to support small  and medium size businesses with a strong focus on women`s  entrepreneurship
Armenia`s vice-premier hosts DFC delegation Armenia`s vice-premier hosts DFC delegation 
Government to support Armenia`s IT sector Government to support Armenia`s IT sector 
Minister: State duty on gold export aims to improve process control  and boost state budget revenuesMinister: State duty on gold export aims to improve process control  and boost state budget revenues
Lonely Planet recognizes Armenia as one of top tourist destinationsLonely Planet recognizes Armenia as one of top tourist destinations
EBRD lending $236 million to Armenia for construction of southern  section of Sisian-Kajaran roadEBRD lending $236 million to Armenia for construction of southern  section of Sisian-Kajaran road
Minister of Economy: Armenia sees great potential for cooperation  with the Republic of GhanaMinister of Economy: Armenia sees great potential for cooperation  with the Republic of Ghana
ESFD to provide $100mln to Armenia to cover budget deficit ESFD to provide $100mln to Armenia to cover budget deficit 
FDA to provide EUR 75mln under budget support program FDA to provide EUR 75mln under budget support program 
Reduction of rates in large developed economies gradually opening way  for developing countries to attract foreign capital.- EDBReduction of rates in large developed economies gradually opening way  for developing countries to attract foreign capital.- EDB
Without additional impetus, economic growth rates in Armenia will  return to their stable values - EDBWithout additional impetus, economic growth rates in Armenia will  return to their stable values - EDB
Converse Bank and Kapitalbank signed a cooperation agreement at Sibos 2024Converse Bank and Kapitalbank signed a cooperation agreement at Sibos 2024
IMF to provide $24.5mln to Armenia for covering budget deficitIMF to provide $24.5mln to Armenia for covering budget deficit
IDBank and Idram at Mantashyants Global ExpoIDBank and Idram at Mantashyants Global Expo
Ardshinbank’s Private Clients Will Be Served in a Special Office Ardshinbank’s Private Clients Will Be Served in a Special Office
RA Minister of Economy: Armenia and Belgium have many opportunities  to expand cooperation in technology and innovationRA Minister of Economy: Armenia and Belgium have many opportunities  to expand cooperation in technology and innovation
AraratBank Introduces UBPAY: A New System for International TransfersAraratBank Introduces UBPAY: A New System for International Transfers
No consensus yet on issue of unblocking railway - Armenian  vice-premierNo consensus yet on issue of unblocking railway - Armenian  vice-premier
IDBank participated in the HR Expo-24 conferenceIDBank participated in the HR Expo-24 conference
Ameriabank presented its innovative digital platform MyBusiness at  the Real Business forumAmeriabank presented its innovative digital platform MyBusiness at  the Real Business forum
Deputy Territorial Administration and Infrastructure Minister, KfW  delegation discuss construction of Kaps reservoir Deputy Territorial Administration and Infrastructure Minister, KfW  delegation discuss construction of Kaps reservoir 
Armenia Central Bank increases countercyclical capital buffer from  1.5% to 1.75%Armenia Central Bank increases countercyclical capital buffer from  1.5% to 1.75%
Economic modernization portfoplio 84.4% up by Oct 1, 2024 Economic modernization portfoplio 84.4% up by Oct 1, 2024 
Armenian authorities to tighten control over crypto assets for better  traceability of financial flowsArmenian authorities to tighten control over crypto assets for better  traceability of financial flows
Gegharkunik Governor: Workers returning to Sotk mineGegharkunik Governor: Workers returning to Sotk mine
Rospotrebnadzor withdraws more than 118,000 packages of dietary  supplements from Armenia from circulationRospotrebnadzor withdraws more than 118,000 packages of dietary  supplements from Armenia from circulation
Armenian government approves 2024-2040 demographic strategy Armenian government approves 2024-2040 demographic strategy 
Rosatom ready to offer Armenia power units of various capacities Rosatom ready to offer Armenia power units of various capacities 
Demand for international freightage up in Armenia - ATI.SUDemand for international freightage up in Armenia - ATI.SU
Ardshinbank will grow the forestArdshinbank will grow the forest
Armenia`s minister of territorial administration meets with Turkish  minister of transport and infrastructureArmenia`s minister of territorial administration meets with Turkish  minister of transport and infrastructure
Armenia and Italy to cooperate in consumer protection: Memorandum  signedArmenia and Italy to cooperate in consumer protection: Memorandum  signed
Armenia to implement digital system for employment contractsArmenia to implement digital system for employment contracts
The customer is always our top priority: IDBankThe customer is always our top priority: IDBank
RA NA Speaker: We aim to triple solar energy production by 2030,  ensuring at least 15% of Armenia`s energy balance from renewable  sourcesRA NA Speaker: We aim to triple solar energy production by 2030,  ensuring at least 15% of Armenia`s energy balance from renewable  sources
Greek airline SKY Express to launch direct flights Athens - Yerevan -  AthensGreek airline SKY Express to launch direct flights Athens - Yerevan -  Athens
Read more
Exchange rates
31.10.2024
RUB3.990.00
USD387.620.57
EUR421.191.82
GBP503.291.21
CAD278.400.37
JPY25.400.09
CNY54.450.10
CHF447.491.12


Experts
Fixing over-ambitious and unrealistic goals most dangerous - expert Fixing over-ambitious and unrealistic goals most dangerous - expert 
Idram: Infrastructure for Financial Institutions․ Idram for EveryoneIdram: Infrastructure for Financial Institutions․ Idram for Everyone
External factors only hope or Armenia`s shoestring budgetExternal factors only hope or Armenia`s shoestring budget
Read more

Commented
Armenian government approves 2024-2040 demographic strategy Armenian government approves 2024-2040 demographic strategy 
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
Armenian broker Invia Investments to provide access to trading on ITSArmenian broker Invia Investments to provide access to trading on ITS

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2