VOL. XLVI

No 50

15-December-2003

RATINGS

IRAN

Fitch Changes Irans Rating Outlook To Positive Citing Strong Growth And Liquidity

Ratings agency Fitch on 9 December revised the outlook on Irans long-term foreign currency and local currency ratings of B+ to positive from stable. The agency also affirmed the short-term rating at B. Fitch assigned its first rating (at B+) to Iran in May last year (MEES, 20 May 2002), and is the only major agency to assign a rating to the Islamic Republic rival Moodys...