Fitch affirms Ardshinbank's ratings

FitchRatings has today affirmed Ardshinbank’s B+ Long Term Issuer Default Rating.

The FitchRatings provided rating rationale and in particular stated that “The affirmation of the bank’s rating, reflects the bank’s so far reasonable financial metrics, albeit under moderate pressure from the challenging operating environment, moderate loss absorption capacity, adequate liquidity cushions in light of upcoming wholesale funding maturities and notable domestic franchises (market shares of 13% in domestic lending).”.

Ardshinbank’s rating matches the one published for the Republic of Armenia, being the highest possible that an Armenian private entity can qualify for.

Ardshinbank is the only Armenian private company with two ratings from internationally recognized and reputable rating agencies - Moody’s and Fitch rating.