Assessment of Fitch Ratings can be a positive signal for local entrepreneurs and foreign investors
YEREVAN, JANUARY 23, ARMENPRESS. Under the light of regional instability, the assessment of “Fitch Ratings” for Armenia can be a positive signal for both local entrepreneurs and foreign investors. National Assembly RPA faction member Gagik Minasyan expressed such an opinion in an interview with “Armenpress”, referring to the assessment of international rating agency “Fitch Ratings”. It has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B+' with a Stable Outlook.
“Eventually, stability is one of the key economic factors. Of course, investors do not make decisions relying only on one rating; they usually have a complex approach to that issue. In many cases they investigate a country’s business environment through their own specialists, but that such ratings also positively impact on the decision of investors is a fact”, Gagik Minasyan said.