Fitch revises Yerevan City’s outlook to Positive on Sovereign Rating Action

 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.

The next scheduled review date for Fitch’s rating on Yerevan City is 09 June 2023..

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