Fitch Has Upgraded Ardshinbank’s Outlook From Stable to Positive

ArmInfo.  Fitch Ratings, an international rating agency, has upgraded Ardshinbank's rating outlook from Stable to Positive, affirming the Bank's Long-Term Issuer Default Rating (IDR) at ‘BB-‘ and Viability Rating (VR) at ‘bb-‘.

In its commentary on the rating, Fitch highlighted the Bank's leading position, stable asset quality, and high levels of capitalization, liquidity and profitability. As a result, the Bank’s rating is aligned with that of the Republic of Armenia.

Ardshinbank is the only company in Armenia to be rated by all three of the world’s leading rating agencies: Standard & Poor’s, Moody’s, and Fitch.