Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

IRAN

CI Changes Iran Long-Term Local Currency Outlook To Negative

Ratings agency Capital Intelligence (CI) has revised its long-term outlook on Irans local currency, rated BB+, to negative from a previous outlook of stable, it said on 11 February. It has also affirmed Irans long-term foreign currency rating as BB- with a stable outlook, noting that the default risk on the countrys local and foreign currency might become more...