ARMENIA’S CENTRAL BANK GRANTS RATING TO GLENDALE HILLS
ARKA
Jan 30, 2009
YEREVAN, January 30. /ARKA/. The Central Bank of Armenia (CBA) has
granted a G+ rating (third letter of Armenian alphabet) to Glendale
Hills construction firm, the CBA press service reports.
The Central Bank has been rating local companies since 2005. The bank
publishes the names of the companies that have earned the highest
ratings (A,B,G). In case of lower ratings (D,E,Z), CBA needs the
companies permission to publish their names.
The Central Bank is ready to use the shares of the highly-rated
companies as a guarantee in repo agreements with banks. Besides,
CBA has offers these companies more preferential risk assessment
ratings when getting loans from banks. Thirty-eight companies have
entered the CBA rating list.