S&P Global Revises Armenia’s Outlook to Positive

YEREVAN — Tsovinar Vardanyan, a member of the National Assembly from the ruling Civil Contract faction, wrote:

“S&P Global (Standard & Poor’s), the American international rating agency, has revised Armenia’s outlook to positive, citing economic growth and the potential for improved regional security.

“The government’s moderate level of net general debt — 43% of GDP — along with a flexible exchange rate and gross international reserves that reached a record $5.2 billion in January (18% of GDP), provide important protective buffers against unpredictable external developments.

“By comparison, one year earlier the reserves stood at approximately $3.3 billion.

“Between 2022 and 2025, Armenia’s economic growth averaged a strong 7.8%, one of the highest growth rates among the 143 sovereign countries assessed by S&P Global.

“And let me highlight in several points why S&P Global’s assessments are important:

• International confidence – These ratings enhance Armenia’s reputation in global financial markets.
  • Investment flows – A positive outlook and strong growth indicators encourage foreign investment.
  • Financial stability – A manageable debt level and high reserves ensure the country’s resilience against external risks.
  • Economic planning – The government can plan development initiatives and social programs with greater confidence.”