Fitch Ratings has granted a B + long-term rating to ACBA-CREDIT AGRICOLE BANK's $ 5 million bonds, issued this year.

The rating of issued bonds is equal to the long-term Issuer Default Rating IDR rating issued to the Bank in May this year.

In determining the rating, the rating agency took into account ACBA-CREDIT AGRICOLE BANK's absolute leading position in the field of agriculture financing, as well as high liquidity and capitalization.

The Fitch Rating agency rating is the highest possible for companies operating in Armenia.

Bonds issued by the Bank have annual yield of 5.5% and will be in circulation till 2020.

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