Iran’s risk rating drops down to 6

TEHRAN, Jun. 28 (MNA) – The Organization for Economic Co-operation and Development (OECD) in its latest report on countries’ risk index, reported Iran’s risk rating with one step improvement from 7 to 6.

During the last meeting of Export Credit Guarantee Fund member experts to the Organization for Economic Co-operation and Development (OECD), Iran’s new economic and trade status following the implementation of the nuclear deal and the lift of sanctions were discussed and evaluated, and the members voted by consensus to reduce the country’s risk ranking from seven to six.

According to credit risk classification by the OECD, countries are divided into seven groups from low risk (1) to high risk (7). The Islamic Republic of Iran was placed in the 4th risk rating during its eight government in 2001 and was later moved to the 7th rating in the next governments after the imposition of international sanctions.

The countries’ risk rating determines investment attraction limit, the cost of credit insurance and foreign financing. As a result, the three government branches of Iran should put on agenda the adoption of appropriate monetary, foreign exchange and trade policies in order to further reduce the country’s risk rating.

MS/3697056

News Code 117693

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