Iran: Credit rating turns negative as Covid-19 hits hard

Risk Management
Issue 1102 - 09 May 2020 | 4 minute read

Politics: Iran was declared an Islamic Republic in 1979, following the overthrow of Shah Mohammad Reza Pahlavi. Supreme Leader (Rahbar) Ayatollah Ali Khamenei sits at the top of the velayat-e faqih system, his power (in theory) checked by an elected president and parliament. The conflict between theocracy and democracy dictates much of the internal dynamic. President Hassan Rouhani’s election in June 2013, following the firebrand Mahmoud Ahmadinejad, proved a transitional moment for external relations.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News