Fitch Ratings Withdraws Ratings for Yerevan

Fitch Ratings has withdrawn the 'B+' ratings for the city of Yerevan's foreign and local currency issuer default rating, as the issuer has decided to cease participating in the rating process.

The agency will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer analyze the compliance factors of Yerevan.

It is noted that the ratings were withdrawn due to the provision of inaccurate or insufficient information.