On March 24, 2022, Moody's Investors Service (Moody's) revised the creditworthiness of the Armenian Government, approving the rating for long-term issuers in local and foreign currencies at the level of Ba3, as well as high indicators unsecured by foreign currency.
Moody's changed its outlook from stable to negative. The last time Armenia registered the same credit rating was in 2015, when the Russian economy was once again in the doldrums.
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