Monday, October 3, 2022
OECD Upgrades Iran Risk Rating to 5
In January 26th, the Organization for Economic Cooperation and Development (OECD) upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE) from 6 to 5.

In January 26th, the Organization for Economic Cooperation and Development (OECD) upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE) from 6 to 5. In addition to Iran, the ratings of three other countries, including Belarus, Oman, and Croatia have been changed, too.

Settlement of Iran's external debts and the country's economic indicators improvement in 2016-17 such as official reserves ($123.5 billion), total debt to GDP (2.2%), and the economic growth (12.5%) have been the main factors affecting the OECD’s final assessment.

It is noteworthy that more than $ 50 billion foreign credit facility agreements have been signed with the central bank of Iran and the Iranian banking system during the last six months, $ 12 billion of which has been finalized and is being injected in Iran's development projects. Iran's risk rating improvement will increase the rate of FDI attraction and the country's credit limit.

Date:
2018/02/03
Number Of visits :
1953
Source:
Scoring
Average Scores:0 Total Points:0

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