Regulatory Alerts2025-06-13 | 8553Central Bank of Armenia Resolution No. 94-N Amending Prudential Standards for Credit Risk Calculation
The Central Bank of the Republic of Armenia issued Resolution No. 94-N to revise the criteria for selecting rating organizations when calculating credit risk under Regulation 14. The amendment introduces strict eligibility requirements for external rating agencies, including capital thresholds, independence mandates, and operational history, while restricting the use of ratings to those approved by the Governor. It also establishes specific methodologies for applying these ratings, such as using the lowest of multiple ratings and imposing a 50% higher risk weight for certain recognized organizations.
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