With external state debt in the focus of public attention, Armenian Prime Minister cited the results of Fitch Ratings international agency, which assessed Armenia’s sate debt at BB- (stable forecast).
“The ranking cited proves Armenia’s external state debt to be within manageable limits, which makes the issue-related stir overrated,” Tigran Sargsyan stated prior to parliament sitting.
The Prime Minister noted the external debt to GDP ratio to gross 40%; with the external debt fully comprised of foreign credits.
As of July 30, 2011, Armenia’s state debt totaled AMD 1455,4 bln, with external and internal debt comprising AMD 1269,8 and 185,6 bln respectively.
