YEREVAN, JULY 29, ARMENPRESS. To make more available the access of the Armenian financial organizations to the international capital markets, the Central Bank of Armenia offers to use the international rating instrument.

On July 29 the Central Bank, the HSBC bank and S&P Global Ratings have organized a seminar entitled “S&P Global Ratings: New Opportunities for Growth” .

Vice-President of the Central Bank of Armenia Nerses Yeritsyan said having a rating enables to have an access to the international capital markets without a mortgage, as well as it ensures availability of funds of institutional investors which are measured in trillions of dollars. “The ratings are important for directing the domestic savings to the investments, since at this stage of development our savings remain low at the national level. In order to convince our citizens to save more, the companies must show that they have long-term goals and projects, they are rapidly growing, not only the loan funds, as well as the capital are available which requires trust rather than a mortgage. The rating is the bar which says you can trust this company and invest your money here”, “Armenpress” reports, Nerses Yeritsyan said.

He said S&P Global Ratings company is open for the cooperation with the Armenian companies. He said all states like Armenia receive the ratings of three big rating companies. Currently discussions are being held over Armenia’s receiving S&P Global Ratings in addition to Moody and Fitch.

S&P Global Rating Director of the Corporate Ratings Alexander Griaznov said currently their company is not working in Armenia, but they think here are companies which can become their clients. “The criteria are quiet a lot for working with us, first of all, the presence of the international accountability, as well as the need of our rating to the companies. If the companies aim to attract foreign capital, this is one of the criteria that we will help them”, Alexander Griaznov said.