Yerevan provided incorrect information – Fitch Ratings withdrew the rating


November 24, Fineko/abc.az. International agency Fitch Ratings has issued a statement regarding Yerevan.

ABC.AZ reports that the institution withdrew the city's long-term foreign and local currency issuer default rating of ‘B+’ due to the city's refusal to participate in the rating evaluation process.

Unsatisfactory ratings and incorrect data were cited as the reason.

By Elmir Murad