Fitch Ratings

Financial Services

"Iran is in talks with Moody’s Investors Service and Fitch Ratings about restarting sovereign credit ratings for the oil-rich state, Economic Affairs and Finance Minister Ali Tayyeb Nia said in interview with Bloomberg."


"At least 30 people were hanged in Iran in the past week, according to official and unofficial sources. Most of the executions were reportedly carried out on Sunday July 17. Iranian official sources, including the Judiciary and state media, have been silent about most of these executions." (IHR)


"Iran is exploring a return to international debt markets for the first time since 2002, a senior government official said, as the Islamic Republic seeks to finance an economic recovery a year after a historic nuclear deal that offered it a route out of isolation. Economy Minister Ali Tayebnia, whose ministry is at the forefront of securing Iran’s access to the global financial system, said in an interview in Tehran that he expects his country to secure a credit rating in the 'near future,' a step that could help attract bond investors. Iranian officials are 'negotiating with all the rating agencies,' he said... Iran last issued international debt in July 2002, according to the International Monetary Fund. Officials from Fitch Ratings visited the country in June to make an initial assessment of the economy, Akbar Komijani, a deputy central bank governor, said in an interview on June 30. The company said in March it was in discussions with the Islamic Republic but declined to elaborate. Fitch withdrew its B+ sovereign rating, the fourth-highest junk grade, for Iran in 2008 following the maturity and full repayment of its last sovereign Eurobond that year. Moody’s withdrew its B2 rating on Iran in 2002, according to data compiled by Bloomberg... The economy minister said about $45 billion worth of financing agreements 'with various countries' have been reached since the nuclear deal was implemented in January, though he said it could take up to several months to 'get to the implementation stage.'" (Bloomberg, "Iran Exploring Return to Global Bond Markets After 14 Year Break." 7/19/2016)