Middle East Economic Survey

VOL. L

No 52

24-December-2007

IRAN

Fitch Affirms Stable Outlook For Iran But Warns Of Economic/ Political Risks

Fitch Ratings on 19 December affirmed Irans long-term foreign currency and local currency issuer default ratings (IDRs) at B+ with stable outlooks, and its short-term IDR at B and country ceiling at B+. According to the head of Middle East and Africa sovereign ratings at Fitch, Richard Fox the ratings balance Irans strengthening external creditor position, and...