Yerevan, July 25 /Mediamax/. Moody’s Investors Service International rating agency assigned Armenia Ba2 rating.

As the chairman of the Armenian Central Bank (CB) Tigran Sarkisian said at a briefing in Yerevan today, “Ba2 is a very high index, which exceeds the Georgian rating by 2 points and the Turkish one by 1 point”.

Tigran Sarkisian said that the aim of Ba2 sovereign rating is “to appear on the world financial map,” Mediamax reports. “We give signals to the potential investors that from now on they can clearly estimate the risks of our country”, said CB head.

Tigran Sarkisian noted that the assignment of Ba2 rating will allow Armenian companies and commercial banks to apply to Moody’s for a personal rating. The CB chairman expressed hope that during the fall many Armenian commercial banks will be assigned ratings.

Armenian Minister of Finance and Economy Vartan Khachatrian stated that “the assignment of such a high rating forces us to seriously treat the economic processes and not to slow down the development”.

Armenia’s rating by mid-term and long-term currency bonds made Baa3, and by the currency bank deposits -Ba3. As for the obligations and bank deposits in AMD, by these indices the Moody’s assigned Armenia A3 and Baa1 ratings accordingly.

Mediamax recalls that in early June 2006, Fitch rating agency assigned Armenia a sovereign credit rating BB with a Stable Outlook.