Yerevan /Mediamax/. Central Bank (CB) of Armenia marked down the ratings of “Pure Iron Plant” OJSC, “Elite Group” CJSC, “Valletta” LLC and “Shen Concern” CJSC.

As Mediamax was told in the press service of CB, rating of “Pure Iron Plant” has been marked down from B+ to C+, rating of “Elite Group” – from C+ to C, rating of “Valletta” – from B- to C+, and the rating of “Shen-Concern” – from B to B-.

CB explained that the rating lowering for “Pure Iron Plant” OJSC was conditioned by the fact that the factory violated the requirement of CB to present until January 31, 2009, a document, evidencing an agreement between the factory and an audit company from the “Big six” on realizing audit of financial reporting of the company for 2008.

CB marked down the rating for “Renco Armestate” LLC for the same reason from B- to C+.

Ratings of “Electropribor” OJSC (from C- to D) and “Tigran Mets Publishing House” LLC (from B- to C+) are also marked down.

CB also reestablished ratings for “Ashtarak Kat” CJSC (B+), “Yerevani Garejur” [“Yerevan Brewery”] CJSC (B-) and “Antares” LLC (C-).