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 ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
Banks, Petrochems Dominate List of Iran’s Largest Companies
Iran’s Industrial Management Institute released on Sunday the...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
The forex volatility had caused widespread concerns among the public and investors .
After weeks of wild rallying, the US dollar has lost its...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
New US Probe May Dim Boeing Deal Prospects
An Iranian airline under sanctions by the US for ferrying...
Tehran Housing Construction Permits Rise in H1
The number of residential construction permits issued in...
Insurance E-Marketing Rules Notified
The Central Insurance of Iran has published rules to regulate...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus