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Central Bank Of Armenia Reviews Ratings Of Euroterm Company

CENTRAL BANK OF ARMENIA REVIEWS RATINGS OF EUROTERM COMPANY

ARKA
Jan 29, 2009

YEREVAN, January 29. /ARKA/. The Central Bank of Armenia (CBA) reviewed
the ratings of Euroterm company. The CBA conferred "B" (second letter
of Armenian alphabet) ratings to Euroterm closed joint stock company,
the CBA press service reported.

On March 18 2008, the CBA had improved Euroterm’s ratings from "B"
to "B+"

For the first time, the Central Bank of Armenia conferred ratings to
Armenian enterprises in September 2005. According to the principles
developed on conferring ratings, the CBA publishes only the names of
enterprises that are given high ratings (A, B, C). Lower ratings (D, E,
F) are published by the CBA only upon their consent of the enterprises.

The CBA accepts high-rating bonds as security in REPO transactions with
banks. Along with it, for these companies the CBA applies a favorable
scale of credit risk evaluation for extension of credits by banks.

38 companies are covered in the ratings published by the CBA.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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