Fitch Ratings has revised and upgraded Yerevan's rating at the level of B + from Stable, setting it "Positive", which is an important achievement for a community that takes the first steps to lead an independent credit policy.

Fitch Ratings Rating Agency considers this fact as a significant positive change in creditworthiness of Yerevan.

More detailed information is available on the official Fitch Ratings website www.fitchratings.com.

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