Fitch Ratings has revised the Outlook on the City of Yerevan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at ‘B+’.
The revision of Outlook follows the recent similar action on Armenia’s sovereign ratings, armradio.am reports.
The next scheduled review date for Fitch’s rating on Yerevan City is 09 June 2023.
