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The internationally renowned Fitch Ratings has reaffirmed Acba Bank's "BB-" Long-Term Issuer Default Rating (IDR) as well as the bank's "BB-" Viability Rating.
Acba Bank's rating, reaffirmed by Fitch, is equal to the rating of the Republic of Armenia (BB-) and is the highest rating assigned by the agency to Armenia.
The rating granted by Fitch reflects the bank's strong financial position, stable capital standing, and improvement in asset quality. The Bank's stable outlook reflects its ability to navigate the competitive landscape and contribute to Armenia's economic development.
Fitch emphasized that the Bank's asset quality and financial stability remain high.
The Bank is supervised by the CBA.