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. International sanctions on Iran’s nuclear and missile programs excluded the country from foreign debt and financial markets for much of the past decade. After the bulk of restrictions were lifted following Iran’s nuclear deal with world powers, the government is making up for lost time, seeking to win back its oil market share and attract billions of dollars of overseas investment to fund infrastructure projects. Fitch withdrew its B+ sovereign rating, the fourth-highest junk grade, for Iran in 2008 following the maturity and […]