CI Ratings Affirms Iran’s Stable Outlook

Financial Tribune – Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, on Friday announced that it has affirmed Iran’s long-term foreign and local currency sovereign ratings at ‘BB-’ and its short-term foreign and local currency sovereign ratings at ‘B’.

The agency said the outlook for Iran’s ratings has been affirmed at ‘Stable’.

According to the international firm in its press release, the ratings reflect the relatively favorable short- to medium-term economic and fiscal outlook following the lifting of international economic and financial sanctions related to the country’s nuclear program.

As a result, Iran has begun to gradually repatriate previously frozen external financial assets and export more hydrocarbons to a wider range of markets, thereby improving the country’s medium-term economic growth prospects and increasing oil revenues.

"The outlook for the ratings is ‘Stable’. This indicates that Iran’s sovereign ratings are likely to remain unchanged within the next 12 months, provided that key metrics evolve as envisioned in CI’s baseline scenario and no other credit quality concerns arise," CI's report indicates.