10:25,
YEREVAN, JUNE 23, ARMENPRESS. Moody’s changed Armenia’s outlook to stable from negative and affirmed Ba3 rating on .
Moody’s changed the outlook because it found Armenia’s economic and fiscal prospects to have improved, while the risks are balanced compared to its March 2022 rating.
A part of the increased capital and workforce inflow, which improved the economic indicators in Armenia, are expected to be maintained, according to Moody’s.
The agency forecast 7% economic growth for 2023 and 5-6% for 2024.
The debt burden will be lower than during the pre-pandemic period, stabilizing around 45%, according to the assessment.
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Direct link to this article: https://www.armenianclub.com/2023/06/23/moodys-changes-armenias-outlook-to-stable-from-negative-affirms-ba3-rating/
