Fitch affirms Ardshinbank, ACBA-Credit Agricole

Fitch Ratings said it affirmed ACBA-Credit Agricole Bank CJSC's and Ardshinbank's long-term foreign currency issuer default ratings at B+ with stable outlooks.

The agency said the issuer default ratings and senior debt ratings of both banks are driven by their intrinsic strength, as captured by their b+ viability ratings.

The affirmation of both banks' viability ratings reflects limited changes in their credit profiles since the previous rating actions a year ago, the agency said.

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