Iran's Risk Rating has Upgraded to 5

Originally published on: 05/02/2018

Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE), has upgraded from 6 to 5 by the Organization for Economic Cooperation and Development (OECD).

After the last upgrade in Iran's rating in the country risk on June 2016, from 7 to 6, the OECD announced following its last meeting on Friday that Iran's risk rating has moved from 6 to 5.

According to OECD, the country risk classifications are meant to reflect country transfer and convertibility risk (Under the Participants' system, country risk encompasses transfer and convertibility risk (i.e. the risk a government imposes capital or exchange controls that prevent an entity from converting local currency into foreign currency and/or transferring funds to creditors located outside the country).