ArmInfo. Martin Galstyan, the Chairman of the Central Bank of Armenia, expressed hope that the uncertainty surrounding Electric Networks of Armenia (ENA), which was forcibly nationalized by the authorities, will be eliminated in the near future. During his press conference on September 16, he noted that the downgrade of the company's rating by Moody's will be short-term and will not affect the stability of Armenia's financial system.
Let us recall that the international rating agency Moody's Investors Service has downgraded the long-term corporate rating (CFR) of the Electric Networks of Armenia company (ENA) from Ba2 to Ba3, and the probability of default rating (PDR) from Ba2-PD to Ba3-PD with a "negative" outlook.
