Moody's international rating agency today reaffirmed Ardshinbank's ratings, raising its prospect from "stable" to "positive".

Ardshinbank has been granted long-term local currency deposit ratings (LT Bank Deposits) and Non-Infinite Unsecured Regular Bond/Debenture (B1) ratings.

The rating agency has provided ratings and particularly noted that in the end of 2017 the Bank was one of the systemic banks in Armenia.

The rise in the prospect of the bank's rating has been followed by the rise of the sovereign rating of the Republic of Armenia on March 9, 2018.

The Bank was granted a rating equal to the sovereign rating level of the Republic of Armenia, which is the best possible index of the rating of the private organization in the country.

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