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Iran Opens Ratings Talks With Moody's, Fitch Ahead of Debt Sales

  • Economy minister says no timetable for new sovereign rating
  • Fitch withdrew rating for Iran in 2008; Moody's in 2002

Iran is in talks with Moody’s Investors Service and Fitch Ratings about restarting sovereign credit ratings for the oil-rich state, Economic Affairs and Finance Minister Ali Tayyeb Nia said.

The government is negotiating with both companies, Tayyeb Nia said in an interview at a conference on Islamic finance in Tehran, without giving a timeline for the talks or a prospective Iranian debt sale on overseas markets.