65042
Iran to Tap Int'l Debt Market After Risk Improvement
Iran to Tap Int'l Debt Market After Risk Improvement

Iran to Tap Int'l Debt Market After Risk Improvement

Iran to Tap Int'l Debt Market After Risk Improvement

The possibility of Iran entering the international debt market hinges on a number of reasons, namely its risk factor in the eyes of global entities, which the country expects to improve, the governor of the Central Bank of Iran said.
Asked about the possible timeline for a bond issuance program by the Iranian government, Valiollah Seif also told Fars News Agency that the question is vague to a certain degree because there might come a time when Iran decides to raise money from the global markets.
"That will be when the country must issue bonds in the international markets and that is when we become certain that there is demand for our debt," he said.
Seif stressed that bonds must be issued when the country's risk rating has improved.
The Organization for Economic Cooperation and Development upgraded Iran's rating in the country risk classification of the Participants to the Arrangement on Officially Supported Export Credits by one point last year, bringing it down to six from the previous rating of seven, which is also the worst rating a country can have.
The risk rating of seven was allocated to Iran as a result of years of international sanctions that effectively cut any supply of foreign assets.
Iran's risk rating, at its best years ago, was four and according to Seif, "it is our expectation to return to four because the rates with which we can absorb and raise assets will be better, which would subsequently direct more resources toward us".
Seif reiterated that the ratio of non-performing loans to total loans has dropped to 10% from the previous 14.7% while the overall bad debt volume has reached one quadrillion rials ($26.6 billion).  

 

Short URL : https://goo.gl/K7MlvC
  1. https://goo.gl/lp71xv
  • https://goo.gl/VWeNvj
  • https://goo.gl/CD7wzm
  • https://goo.gl/fWOdmo
  • https://goo.gl/v0AKhF

You can also read ...

TCCIM Doubles Down on Sound Forex Policies
By keeping the rial overvalued, the administration is in fact...
Speculations About Gold Rally
The sudden leap in gold coins’ prices and their unprecedented...
The world’s 66 steelmakers produced 1.41 billion tons of steel during the 10 months, up 5.6% YOY.
Iranian steel mills produced 17.9 million tons of steel since...
Call for Prioritizing Financial  Ties During Visit of UK’s FM
Boosting banking relations with Britain is a top priority of...
Iran needs to import around 800,000 tons of rice every year.
The temporary ban on rice imports has been lifted from Nov. 22...
For a Successful  Implementation of IFRS
In the Iranian banking world, the IFRS fever has been running...
Quake Damage to Kermanshah Agriculture Estimated
The recent earthquake that hit western Iran inflicted losses...
About 1.65 billion shares valued at $108.8 million changed hands at TSE on Nov. 21.
Tehran Stock Exchange's main index gained 513.40 points or 0....

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus