Sanctions scars and oil slump point to low Iran credit rating

By Marc Jones LONDON (Reuters) – Low oil prices and the economic and geopolitical scars of years of international sanctions all point to a high risk ‘junk’ credit rating for Iran when it starts feeling its way back into borrowing markets. With sanctions related to its nuclear program now being lifted, Tehran is expected to start tapping bond markets in the next six to 12 months, to try and breathe new life into the second biggest economy in the Middle East. A credit rating from one of the big three agencies, Standard and Poor’s, Moody’s or Fitch, while not essential, would help.

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