Fitch rating agency assigned Ardshinbank CJSC a B+ Long Term Issuer Default Rating with Negative Outlook.

“The rating matches the one published for the Armenian Republic, being the highest possible that an Armenian private entity can qualify for”, the press release disseminated by Ardshinbank reads this.

The Bank also noted that Ardshinbank CJSC is the only Armenian Private Company having the internationally recognized and reputable Moody’s and Fitch rating.