MOODY’S ASSIGNS ARMENIAN PROMETEY BANK LONG-TERM DEPOSIT IN DRAMS AND B1 FOREIGN EXCHANGE RATING
ARKA
Aug 24, 2009
YEREVAN, August 24. /ARKA/. Well-known international rating agency
Moody’s assigned to the Armenian Prometey bank the rating of long-term
deposits in Armenian drams and foreign currency B1 in July 2009.
As it is noted on the official site of the bank, Moody’s also assigned
the bank financial strength rating (BFSR) E + with a stable outlook
(STA Outlook).
LLC Prometey Bank was founded in 1990, registered on October 2, 1991.
On October 31, 1996, the bank received the CBA N27 general license.
Today, the main owner of the bank is OJSC
Zakneftegazstroy-Prometey(92.25%).
Currently , the bank operates four branches in the country.
International rating agency Moody’s assigns ratings and publishes
independent opinions on the creditworthiness of issuers and the credit
quality of securities issued by them.
Moody’s assigns ratings of debt obligations of banks, corporations,
insurance companies, trust funds, regional and local governments,
states, international entities. Moody’s assigns ratings of structured
financing.