Armenian Vote Results Are Credit Positive, Moody's Says

The election victory of Armenia’s ruling coalition is credit positive as it “will ensure a degree of political stability and policy continuity,” according to analysts at Moody’s Investors Service.

“Key challenges for the new Armenian government lie in managing the geo-politically sensitive region of Nagorny Karabakh, over which Armenia and Azerbaijan are in disagreement, and of the closed border with its neighbor country, Turkey,” Lucie Villa and Aukse Montvilaite wrote in Moody’s weekly credit outlook published today. “Governmental continuity in light of these sensitivities is positive.”

Armenia is rated Ba2 with a negative outlook at Moody’s, the second best junk rating.

To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net

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