International credit rating agency Fitch Ratings has affirmed Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-’, while maintaining the country’s Positive Outlook. According to a statement issued by the Armenian Ministry of Finance, the agency said Armenia’s rating reflects the country’s stable macroeconomic policy framework, strong economic growth and the continued upward trend in per capita income. Fitch Ratings forecasts that Armenia’s real GDP growth will reach 5.2% in 2026, significantly exceeding the projected average of 2.9% for countries in the ‘BB’ rating category. The agency also noted that Armenia’s relatively low dependence on oil limits the direct impact of fluctuations in international energy markets on the country’s economy. According to the ministry, maintaining the Positive Outlook amid continued uncertainty in the global economy and the region reflects Fitch Ratings’ confidence in Armenia’s macroeconomic fundamentals and reaffirms the agency’s assessment published in January 2026.