Tag Archives | Fitch

Private Sector having hard time Financing Expansion

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The Islamic bond market in Iran was first kick-started in 2011, with Mahan Air’s issuance of ijara sukuk on the over-the-counter Iran Fara Bourse (IFB) to finance its purchase of […]

Iran Considers ‘Bad Bank’ to Mop up Toxic Loans

By John Lee. The Financial Times reports that the Central Bank of Iran (CBI) is preparing to set up a “bad bank” to absorb a vast pile of toxic loans. Peyman Ghorbani Aghilabadi, the bank’s vice-governor of economic affairs, said: “We are committed to lowering bank non-performing loans and, if necessary, we will establish an […]

Iran in Talks to get First Credit Rating

By John Lee. PressTV reports that Iran is in discussions to get its first credit rating, following the lifting of sanctions. Mohammad Nahavandian (pictured), the chief of staff for the Iranian President, told Reuters he expected the agencies to provide a full rating, but did not not identify the agencies. None of the major ratings firms […]