YEREVAN. – The Moody’s lowering of Armenia’s ranking from BA3 by one point, in March, was linked to the worsening of the situation in Armenia’s partner countries under the Eurasian Economic Union cooperation.
Arthur Javadyan, Chairman of the Central Bank of Armenia (CBA), stated the aforesaid at Thursday’s National Assembly deliberations with respect to the report on the performance of the 2015 monetary policy program of the bank.
In response to the query as to how the international markets have reacted to the Azerbaijani aggression against Nagorno-Karabakh in early April, Javadyan noted that the best respective representation is always the changes in the Eurobonds of Armenia.
“It did not reflect at all on the Eurobonds [of Armenia],” the CBA chief stressed. “On the contrary, the situation bounced back.”
In his words, however, the situation had a major negative impact on the bonds of Turkey and Azerbaijan.
