Moodys Ratings has completed its periodic review of the ratings of Zangezur Copper Molybdenum Combine (ZCMC), reaffirming the companys B2 Corporate Family Rating with a stable outlook. In its review, Moodys highlighted ZCMCs importance to the Armenian economy, its competitive cost position, solid financial performance, and access to financing sources. The affirmation of the rating and stable outlook provides independent validation of the companys resilient financial profile, operational efficiency, and ability to execute its long-term investment program. ZCMC remains committed to advancing its strategic initiatives aimed at enhancing operational performance, strengthening its competitive position, and creating sustainable long-term value for all stakeholders.