Capital Intelligence (CI), the international emerging market credit rating agency, has assigned ratings for long term foreign currency obligations of IDRO (Industrial Development and Renovation Organization of Iran) and its affiliate companies, SAIPA Automobile Manufacturing. (SAIPA), Rena Investment Co. (RENA) and Iran Tractor Manufacturing Co. (ITM). It has also assigned long term local currency ratings as well as short term foreign currency and local currency ratings for IDRO group of Companies.
The rating assignments are provided in the following table.
|
Organization/ Company |
Foreign currency |
Local currency |
|
Long term |
Short term |
Outlook |
Long term |
Short term |
Outlook |
|
IDRO |
BB¯ |
B |
stable |
BB+ |
B |
stable |
|
SAIPA |
BB¯ |
B |
stable |
BB+ |
B |
stable |
|
RENA |
BB¯ |
B |
stable |
BB |
B |
stable |
|
ITM |
B+ |
B |
stable |
B+ |
B |
positive |
For further information please contact IDRO FINANCE
Tel: 22252679 Email: info@idrofinance.com