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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.International sanctions on Iran's nuclear and missile programs excluded the country from foreign debt and financial markets for much of the past decade.Fitch withdrew its B-plus sovereign rating, the fourth-highest junk grade, for Iran in 2008 following the maturity and full repayment of its last sovereign Eurobond that year. Moody's withdrew its B2 rating on Iran in 2002, according to data compiled by Bloomberg.
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