ARMENIA: MOODY'S ISSUES ANNUAL REPORT ON ARMENIA. From: IPR Strategic Business Information Database | Date: December 2, 2007 | COPYRIGHT 2007 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

In its annual report on Armenia, Moody's Investors Service says its Ba2 rating for local and foreign currency debt obligations and stable outlook balances the low debt burden of the government and economy as a whole against the country's weak institutional capacity and modest level of economic development. The government bond ratings and Moody's assessment of a low risk of a payments moratorium in the event of a government bond default serve as the basis of Armenia's Baa3 foreign c...

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