Fitch withdraws Yerevan's ratings due to incorrect information

Fitch withdraws Yerevan
# 24 November 2020 10:01 (UTC +04:00)
Fitch Ratings has withdrawn the Armenian City of Yerevan's 'B+' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) as the issuer has chosen to stop participating in the rating process, APA-Economics reports citing the agency.

Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide analytical coverage for the City of Yerevan, including the related ESG Relevance Scores.

“The ratings have been withdrawn with the following reason: incorrect or insufficient information provided,” the agency stated.