New Credit Rating System Expected

The head of Iran Consulting and Credit Rating Company says a new credit rating system will be unveiled in the next few months.
"The new system assigns a score to each Iranian individual, which will be used for assessing people's creditworthiness more effectively," Way2pay.ir also quoted Reza Qasempour as saying.
According to an official statement, ratings have so far been based on data provided by the banking system and the new model attempts to diversify the sources and the scope of financial data.
Various entities are expected to help provide data to the new system, including startups, insurance companies and tax administration.