Fitch Ratings upgraded Ardshinbank’s outlook to Positive

ArmInfo.Fitch Ratings, an international credit rating agency, affirmed Ardshinbank’s Long-Term Issuer Default Rating at B+, upgrading Outlook to Positive from Stable.

The improvement in the Outlook is connected with an upgrade in the Outlook for the sovereign rating and anticipating sustained strengthening of the bank’s financial profile, in particular in respect to profitability, capitalization, funding and liquidity.

Ardshinbank is the only company in Armenia with assigned ratings from the big three credit rating agencies (Fitch, Standard & Poor’s, Moody’s). The bank’s ratings are on the level of sovereign of Armenia.