"ARMROSGAPROM" ASSIGNED "B" RATING OF ARMENIAN CB
ARKA News Agency, Armenia
Aug 8 2007
YEREVAN, August 8. /ARKA/. The Central Bank of Armenia assigned CBA
"B" rating to the Armenian-Russian Company "ArmRosgasprom", the CBA
press service told ARKA on Wednesday.
The ArmRosgasprom is a monopolist in importing and distributing
Russian natural gas to Armenia.
The Armenian-Russian ArmRosGasProm CJSC was founded in 1997. The
company’s authorized capital makes $398.8mln. The company’s
shareholders are "GasProm" OJSC (57.59%), the RA Ministry of Energy
and GasProm (34.7%) and the Itera oil company (7.71%).
The CBA first published ratings of Armenian enterprises in September
2005. In 2005 the CBA monitoring included 30 enterprises, but only
15 of them received the highest rating. In accordance with the
elaborated principles of assigning ratings, the CBA publishes only
the names of the companies that were assigned high ratings. If a
company was assigned a low rating, the CBA publishes its name only
with their consent.
The bonds of the companies, that were assigned high ratings (A, B,
C), the CBA is ready to take them as a security when making REPO
deals with banks. For the companies with high ratings, the CBA
envisaged preference estimation scale for credit risks when giving
credits.