Middle East Economic Survey
VOL. XLVIII
No 43
24-October-2005
IRAN
NIOC Rating Affirmed At BB-, Says Fitch
Fitch Ratings on 13 October affirmed National Iranian Oil Companys (NIOCs) rating at senior unsecured BB- with stable outlook, in line with Irans long-term rating and reflecting the states financial and strategic control on the oil company. Irans fourth five-year development program, running from 1384 (Iranian year starting 21 March 2005), outlines production and development targets for NIOC....
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