VOL. XLV

No 20

20-May-2002

IRAN

Fitch Rates Iran ForFirst Time, Assigns B+

International ratingsagency Fitch has rated Iran for the first time, announcing on 10 May that ithad assigned the country long-term foreign currency and local currency ratingsof B+ with a stable outlook and a short-term rating of B. Fitch said that Iran,as one of the worlds largest oil producers, has greatly benefited from highprices over the past two years. High oil revenues have resulted in arespectable GDP growth rate...