CENTRAL BANK OF ARMENIA LOWERS LUSAKERT POULTRY’S RATING
ARKA
July 27, 2009
YEREVAN, July 27. / ARKA /. The Central Bank of Armenia has lowered
the rating of the Lusakert Hennery Ltd., by awarding it the "G" rating
(the third letter of the Armenian alphabet).
The Public Relations Department of the Central Bank reported that
the previous rating of a "B minus" (the second letter of the Armenian
alphabet), was granted on March 25, 2008.
The Central Bank of Armenia published a rating of Armenian enterprises
in September 2005 for the first time. In 2005, the Central Bank
monitored 30 companies, of which only 15 received a high rating
class. In accordance with the principles of assigned ratings, the
bank publishes only the names of those companies, which have been
given high ratings. The Central Bank will publish the companies with
low rating only if it has the company’s permission to do so.
The Central Bank is ready to accept the bonds of the companies
that received the highest rating (A, B, G), as a deposit for REPO
transactions with banks.
For these companies the Central Bank also provided a reduced scale of
assessment of credit risks in lending by banks. The published rating
of the Central Bank covered 39 companies.