S. Davtyan: Reduced economic rating of Armenia conditioned by foreign risks

 Tigran Davtyan, Minister of Economy of Armenia, referred to the reduced rating of Armenia by Moody’s, saying that nothing extraordinary has happened.

“The reduced economic rating of Armenia is conditioned by some foreign risks recorded in the global economy, particularly in the European economy. Armenia is linked with the foreign world and increasing risks in powerful economies creates concerns,” said the minister.

International rating agency Moody’s has reduced the rating of Armenia Ba2.