Monday, April 23 2018 15:50

ArmInfo. The Ministry of Finance of Armenia issued a statement in which it expresses its concern over the events unfolding on the territory of the republic.

As noted in the statement, the duration of the current situation may  adversely affect the country's international rating, as well as the  perception of the economy of Armenia by the participants-investors of  the world financial markets.

Recently the international rating organizations "Fitch" and "Moody's"  highly appreciated Armenia's efforts to ensure macroeconomic  stability and improve the fiscal discipline, on the basis of which  the prospects for Armenia were raised from "stable" to "positive."

With this in mind, the Armenian Ministry of Finance considers it  extremely important that all developments take place in the context  of public policy dialogue, constructive discussion and mutual  consent. "Markets like political stability, balance and low risks,"  the finance department said. At the same time, the Finance Ministry  stressed that any prolonged excitement can not but affect the rating  of the country's debt obligations in foreign currency, increasing  their interest rate, which will significantly reduce the financing of  the state budget deficit by external cheap financial resources, "the  statement of the Armenian Finance Ministry said.

Earlier, at the end of 2017, the international rating agency Fitch  Ratings confirmed for Armenia the long- term issuer default rating  (IDR) in foreign and local currency at "B +", improving the outlook  on the rating from "Stable" to "Positive". Report on rated published  by Fitch on December 15. In the opinion of the agency's analysts,  after the shock of 2014-2015 the Armenian economy is being actively  restored "due to structural improvement of exports, improvement of  external demand, and also due to effective monetary policy." In March  2018, the international rating agency Moody's changed the outlook for  Armenia's long- term sovereign credit rating from "stable" to  "positive", while leaving the credit rating of B1 to the former.