VOL. XLII

No. 25

21-June-1999

IRAN

Moodys Assigns B2 Foreign Currency Ceiling To Iran

Moodys Investors Service has assigned a B2 foreign currencyceiling for Iran on 10 June for bonds and notes. The agency assigned a B3ceiling for foreign currency bank deposits and rated long-term domesticcurrency bonds issued by the government at Ba2. "The B2 ceiling reflects aweak economic structure that is prone to balance of payments crisis when oilprices collapse. Iran has rescheduled its bilateral debt...