Fitch withdraws city of Yerevan's ratings
Fitch Ratings said it has withdrawn the Armenian city of Yerevan's 'B+' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) as the issuer has chosen to stop participating in the rating process.
"Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide analytical coverage for the City of Yerevan, including the related ESG Relevance Scores," it said in a statement.
The ratings have been withdrawn with the following reason: incorrect or insufficient information provided.
In October 2020, the Fitch Ratings downgraded Yerevan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'BB-'. The Outlook was Stable.
The downgrade followed a similar action on the sovereign ratings of Armenia due to worse-than- expected economic deterioration caused by the coronavirus pandemic and the recent escalation of the large-scale military actions along the line of contact in the Nagorno-Karabakh conflict zone.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:07
Defense minister: Armenia has no plans to use military to reclaim occupied lands
Armenia has no plans to reclaim around 200 square kilometers of land currently under Azerbaijani occupation by military means, Defense...
Source Panorama.am
16:50
Acba bank and American Express expand collaboration in Armenia
Acba bank and American Express have announced an expansion of their long-standing agreement which grants Acba the license to issue American...
Source Panorama.am
16:34
Yerevan theater staff protests outside HRD office
Employees of Yerevan’s Goy Theater on Wednesday held a protest outside the office of Armenia’s human rights defender (HRD),...
Source Panorama.am
16:03
Lemkin Institute slams COP29 participants for silence over Artsakh genocide
The Lemkin Institute for Genocide Prevention has responded to Azerbaijani President Ilham Aliyev's remarks at the COP29 UN climate summit in...
Source Panorama.am
15:46
Strong winds expected in Armenia on Saturday
Clear weather is expected in Armenia on Wednesday and in the next two days, the Hydrometeorology and Monitoring Center reports.
Rain and...
Source Panorama.am
15:28
Council of Europe committee urges Armenia to close Nubarashen Prison
The European Committee for the Prevention of Torture and Inhuman or Degrading Treatment or Punishment (CPT) has published today the report on...
Source Panorama.am
14:58
Yerevan municipal employees remanded in custody
Four people, including three officials, have been detained for two months as part of a criminal probe into corruption at Yerevan's Kentron...
Source Panorama.am
14:25
Bus carrying wedding guests falls into river in northern Pakistan
A bus carrying about two dozen wedding guests fell into the Indus River in northern Pakistan on Tuesday, killing at least 18 people, AP...
Source Panorama.am
14:15
Opposition resolution calls for immediate release of Armenian prisoners held in Baku
The opposition Hayastan and Pativ Unem factions in the Armenian parliament introduced a resolution calling for the immediate release of all...
Source Panorama.am
13:36
Russian gas supply to Armenia suspended
Russian natural gas supply to Armenia has been temporarily halted due to emergency repairs on the Kazakh-Saguramo pipeline in Georgia.
In a...
Source Panorama.am
13:15
John Krasinski named People's Sexiest Man Alive
People magazine has named John Krasinski the 2024 Sexiest Man Alive.
Krasinski was revealed to be the newest winner of the honorable title...
Source Panorama.am
12:55
'No Armenian is safe': Ruben Vardanyan's son urges action on political prisoners held in Baku
In a heartfelt and compelling video, David Vardanyan, the son of Armenian humanitarian and former Artsakh State Minister Ruben Vardanyan,...
Source Panorama.am
12:30
Armenian FM, Stockholm City Council chair discuss cooperation opportunities
On November 12, within the framework of his visit to Sweden, Armenian Foreign Minister Ararat Mirzoyan met with President of the Stockholm City...
Source Panorama.am
12:05
Azerbaijan, the rogue state hosting COP29: Artak Beglaryan's interview to Le Figaro
Artak Beglaryan, president of the Artsakh Union, former State Minister and Human rights Ombudsman of the Republic of Artsakh, gave an interview...
Source Panorama.am
11:45
Trump names Elon Musk to lead new 'government efficiency' department
U.S. President-elect Donald Trump said Tuesday he's tapped tech billionaire Elon Musk, Tesla and SpaceX CEO, and former Republican...
Source Panorama.am
11:30
Armenia's Aleks Sahakyan to be awarded IM title
Armenian chess player Aleks Sahakyan overcame the 2400 rating threshold within the framework of the World Youth Chess Championship and will be...
Source Panorama.am
11:15
Armenians now have a new target: Jordan for buckling under Azerbaijan's pressure
By Harut Sassounian
www.thecaliforniacourier.com
As if Armenians did not have enough problems to deal with, they must now insist that...
Source Panorama.am
11:00
Greta Thunberg arrives In Armenia, boycotting COP29 In Baku
Swedish climate activist Greta Thunberg arrived in Armenia on Tuesday after announcing a boycott of the COP29 UN climate summit in...
Source Panorama.am
17:00
Rain, snow expected in Armenia on Tuesday
Rain and snow are expected in some parts of Armenia on Tuesday and over the weekend.
Clear weather is forecast for the next three days....
Source Panorama.am
16:45
Melania Trump expected to skip White House meeting with Jill Biden
Melania Trump is not expected to attend the traditional White House meeting with first lady Jill Biden, CNN reported, citing sources...
Source Panorama.am
16:31
Urartu names new director
FC Urartu has named Davit Shakhbagyan as the club’s new general director.
The specialist has been part of the club since 2015, it said...
Source Panorama.am
16:06
Ruling party blocks statement on Armenian prisoners
The parliamentary faction of Armenia's ruling Civil Contract party on Tuesday blocked a statement demanding the release of...
Source Panorama.am
15:30
Negotiations with Snoop Dogg continue for Yerevan concert, ministry says
The new date for the concert of famous American rapper Snoop Dogg in Yerevan remains unknown.
The concert, which was initially scheduled for...
Source Panorama.am
15:02
India reportedly ships first Akash air defence missile system battery to Armenia
India marks another milestone in its defence export as it shipped the first Akash weapon system battery to Armenia. This is the second missile...
Source Panorama.am
14:34
Trump picks Kristi Noem as his Homeland Security secretary
President-elect Donald Trump has selected South Dakota Gov. Kristi Noem as his next secretary of the Department of Homeland Security, CNN...
Source Panorama.am
14:15
Four arrested after raids at Yerevan district administration
Four people, including officials, were arrested on Tuesday after law-enforcement authorities raided Yerevan's Kentron district...
Source Panorama.am
13:36
Armenian Foreign Ministry explains Mirzoyan's statement on customs simplifications with Azerbaijan
At the ministerial meeting of the 3+3 regional consultative platform held in Istanbul on October 18, Armenian Foreign Minister Ararat Mirzoyan...
Source Panorama.am
13:08
Bitcoin tops $89,000
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its...
Source Panorama.am
12:36
Armenia sees rise in pneumonia mortality rate
World Pneumonia Day is observed annually on November 12 to raise awareness about pneumonia, a life-threatening but preventable and...
Source Panorama.am
12:13
Opposition urges parliament majority to join statement on Armenian prisoners
The opposition Hayastan and Pativ Unem factions in the Armenian parliament have initiated a special sitting on the issue of Armenian prisoners...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
