Monday, January 23 2017 15:46
Alina Hovhannisyan

Fitch  Armenia rates at "‚+" forecasted as Sustainable

ArmInfo. Fitch Ratings International Rating Agency confirmed the long term ratings due to foreign and national currency based liabilities of Armenia at the l;evel of B+ with a forecast as Sustainable., the updated rating list of Fitch Rating reads in respect to Armenia.  According to the source, the  long term rating of  forex based unsecured priority bonds is also approved at B+ level. The rating of per-country ceiling is kept at BB+ mark. Armenia's ratings are supported particularly with the higher r capita income level and effective monetary policy , the Fitch Ratings information reads.

 

According to Fitch experts, the ratings are pressed with a heavy debt load, high budget deficit, essential USD trend  and the tention with neighbor countries.

 

Fitch Rating experts assume that Armenia's GDP will speed up to 2,1 % in this year and to 3,1 % in 2018, which is preconditioned by the situation growing better in Russia  and  the raw prices feasible recovery expected.

 

To recall, the International Monetary Fund (IMF) has upgraded its forecast for Armenia's economic growth in 2016 to 3.2% from 2.25-2.5%, with acceleration to 3.4% in 2017.  Besides, IMF in its report forecasts that prices in Armenia will decline by 0.5%. The World Bank in its November report has upgraded its forecast of Armenia's economic growth to 3.1% (vs previous 1.9%), and 3.3%-3.6% in 2017-2018. EBRD forecasts 2% economic growth in 2016.

 

The state budget of Armenia fixed 2.2% GDP growth in 2016, deflator index - 4%, 12- month inflation - 4% (+1.5%). According to the National Statistical Service of Armenia in Jan-Oct 2016, the economic activity growth in Armenia slackened to 0.4% from 3.5% in Jan-Oct 2015. Services and industry remained the driving force of economic activity:  services grew by 7.7%, and industry - by 6.5% versus Jan-Oct 2015. Export in Jan-Oct 2016 grew by 19.8% y-o-y, while import dropped by 0.3% versus 2.2% and 26.6% decline respectively in previous year. According to the Central Bank, in 2015 the amount of individuals' transfers to Armenia dropped by 24% to $1.6 bln, while the transfers from Armenia declined by 16% to $0.8 bln. Russia had the biggest share in both the inflow and outflow - 63% and 37%, respectively. 

POST A COMMENT
Input digits     


News
iDram
btn

Exchange rates
30.09.2020
RUB6.240.10
USD488.410.79
EUR571.781.75
GBP626.63-0.30
CAD364.57-0.44
JPY46.220.04
CNY71.720.19
CHF528.930.52



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000