YEREVAN. – On June 17, Fitch rating agency assigned Ardshinbank CJSC a B+ Long Term Issuer Dafault Rating with Negative Outlook.

The rating matches the one published for the Republic of Armenia, being the highest possible that an Armenian private entity can qualify for, the bank said in a statement.

The respective press release by Fitch can be accessed at the following link.

Ardshinbank CJSC is the only Armenian Private Company having the internationally recognized and reputable Moody’s and Fitch rating.