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Armenia continues to improve its position in international ranking indicators
29 August 2023, 16:26
In particular, the prestigious American rating agency S&P Global Ratings raised Armenia's long-term sovereign credit rating from "B+" to "BB-" with a "stable" forecast based on the country's stable economic growth and improvement in the overall financial situation.
It is worth noting that the Fitch Ratings rating agency recently recorded a similar promotion. According to forecasts, it is expected that the GDP of Armenia will grow by 7.5% this year.
