Middle East Economic Survey
VOL. XLVII
No 51/52
20/27-December-2004
RATINGS
Fitch Raises Irans Credit Rating
Fitch said on 14 December that it has raised Irans credit rating to BB- from B+ citing high oil prices which have boosted the economy and the countrys stepping up of its attempts to privatize some of its state-owned industries. Irans Expediency Council agreed in October to push ahead major privatizations, side-stepping Article 44 of the constitution which had decreed that infrastructure...
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