TEHRAN- Capital Intelligence Corporate (CI Ratings) intends to establish its office in Iran, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) quoted one of the corporate’s senior directors as saying.

Making the remarks during a conference, discussing the role of credit rating, held at the place of TCCIMA in Tehran on Saturday, Michael Page announced that the CI office will be founded by the end of the current year.

Addressing the same event, the Deputy Head of Organization for Investment, Economic and Technical Assistance of Iran Jamal Hosseini underlined the significant role of the Iranian private sector for reaching the planned 8-percent economic growth in future adding that “having access to international financial markets requires valid ratings, therefore, Iran’s investment organization has made several agreements with prominent international rating corporates to use their services for improving Iranian companies’ validity and rates.”

Capital Intelligence Ratings Ltd. has been providing credit analysis and ratings since 1982, and now rates over 300 Banks, Corporates and Financial Instruments (Bonds & Sukuk) in 39 countries. A specialist in emerging markets, CI Ratings geographical coverage includes the Middle East, the wider Mediterranean region, Central and Eastern Europe, South Asia, South-East Asia, the Far East, and North and South Africa.

HJ/MA