24Aug
Fitch affirmed Ameriabank's rating at "В+" level with "Stable" outlook
The international rating agency Fitch Ratings has confirmed the rating of the issuer of long-term foreign currency bonds of Ameriabank at the "В+" (Long-term Issuer Default Rating - IDR) level with a "Stable" forecast.
At the same time, as stated in Fitch's report received by "ARKA" agency, Fitch withdrew the bank's rating for commercial reasons.
According to the report, Fitch will no longer carry out rating and analytical coverage of Ameriabank.
Ameriabank's rating confirmation reflects limited changes in the bank's credit portfolio since the review date, April 25, 2017.
"The bank's operations, capital buffers and liquidity remain at a reasonable level, supported by the recovery of the overall economy and the stability of the foreign exchange, although high balance sheet accumulations and credit dollarization create risks," the message states.
In May 2015, the international rating agency Fitch Ratings, taking into account the regional economic developments, awarded Ameriabank a Long-term Issuer Default Rating (IDR) at the "В+" level with a "Negative" forecast.
"Ameriabank" CJSC is one of the dynamically developing banks of Armenia and ranks among the country's most stable and large financial institutions. It is the first investment bank in Armenia and has been providing a wide range of innovative banking services since 2007.