ARMENIA SHOULD OCCUPY ITS PLACE WITH SOVEREIGN RATING ON WORLD’S FINANCIAL MAP: CBA CHAIRMAN

ARKA News Agency, Armenia
March 28 2006

YEREVAN, March 28. /ARKA/. Armenia should occupy its place with
the sovereign rating on the world’s financial map, Chairman of the
Central Bank of Armenia Tigran Sargsyan during the international
banking conference on foreign trade financing.

According to him, as a result of the Armenian Government’s negotiations
with two world rating companies, Armenian will be awarded a sovereign
investment rating during the nearest months.

“It is important for Armenia that all potential investors recognize
Armenia on the financial map and followed changes of our rating
afterwards,” Sargsyan said.

He believes that the sooner this process starts, the better, because
the country needs to have a rating history. “One cannot guarantee that
the rating will be high or low, because it should be real,” he added.

The international banking conference on foreign trade financing is
held in Armenian on March 28-30. The conference is organized mainly
by the EBRD and “Armeconombank”.