In a message posted on his Facebook account, the CBS head pointed out that the measure not only provides relief from the sanctions regime but also opens the door to cooperation with international credit rating agencies.

He explained that Syria could initially request a “shadow” sovereign rating, which is advisory and not public, as a first step before moving toward an official assessment when conditions allow.

Al-Hasriya clarified that a credit rating does not imply immediate access to loans, but rather constitutes a tool to offer an objective evaluation of the economic and financial situation, strengthen public policy discipline, prioritize reforms, improve institutional transparency, and facilitate cooperation with investors and international organizations.

The governor emphasized that the Central Bank will play a vital role by strengthening monetary transparency, providing reliable economic data, and promoting financial stability—all fundamental elements for achieving a credible sovereign rating.

The road is long, but the important thing is to begin. Syria will likely start with a low rating, which is common in countries emerging from conflict.

The true value lies in the standard that sets the rating and the roadmap it offers for improvement, not in the rating itself, he stated.

arm/mem/fm