The Organization for Economic Cooperation and Development (OECD) has upgraded Iran's rating in the country risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE) from 6 to 5. The long-awaited upgrade was announced following the organization’s last meeting on Friday. The last upgrade in Iran’s rating goes back to June 2016, when Iran’s ranking improved one notch, moving from 7 to 6.