Learn about Iraq's credit rating

[yota691]

Iraq’s classification at B- / B was confirmed with a stable outlook

By

 rami

 -

February 24, 2018

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Standard & Poor’s Ratings said on Saturday it was Iraq’s “B- / B” rating with a stable outlook.
“The stable outlook reflects expectations that the fiscal deficit will be modest over the next few years,” the agency said in a report.
It said it expected the prospects for Iraq’s economic growth to be under pressure from domestic political tensions, production quotas imposed by OPEC and restrictions on government spending.
The agency said it expected Iraq’s GDP to grow 1.9 percent in 2018 in line with production cuts in 2017-2018 before rising 2.5 percent in 2019 as oil production recovers.

[jeepguy]

good morning yota  buddy !    at least  the  valuation is going up , not  down ! 

[gregp]

Old Stable Mable.

 

Thanks, Yota.  

 

Happy Saturday.  

[Butifldrm]

 

Standard & Poor's ranks Iraq at B- / B with a stable outlook

The agency forecast growth of 1.9% for Iraqi GDP this year, up to 2.5% in 2019

 

 February 24, 2018 10:24 p

Direct : confirmed the agency "Standard & Poor 's ," the credit rating of Iraq at the B- / B with a stable look, reflecting the outlook modestly fiscal deficit over the next few years.

The agency said in its report on Friday that it expects the prospects for Iraq's economic growth to be under pressure due to political tensions at home, and restrictions on government spending, as well as Baghdad's commitment to the agreement, "OPEC" to reduce oil production,

The agency predicted 1.9 percent growth in Iraqi GDP this year, in line with production cuts in 2017 and 2018.

The agency also predicted that this rate will rise to 2.5% next year, driven by the recovery of oil production.

In mid-February, Kuwait held a global conference, called by international donors to support the reconstruction of the Iraqi economy again , after the last years of the war on terror.

Read more:

https://www.mubasher.info/news/3234391/-ستاندرد-آند-بورز-تصن-ف-العراق-عند-B-B-مع-نظرة-مستقرة

[yota691]

S & P announces its forecasts for Iraq and talks about economic pressures due to political tensions in 2018 2018/02/24 15:07 Baghdad today - follow-up Standard & Poor's Ratings said on Saturday that its rating of Iraq at B- / B "with a stable outlook.  "The stable outlook reflects expectations that the fiscal deficit will be modest over the next few years," the agency said.  "It expects the prospects for Iraq's economic growth to be put under pressure by domestic political tensions, production quotas imposed by the OPEC agreement and restrictions on government spending," she said.  "Iraq's GDP is expected to grow 1.9 percent in 2018 in line with production cuts in 2017-2018 before rising 2.5 percent in 2019 as oil production recovers," the agency said.

[Wiljor]

Thanks Yota and Butifldrm, good morning 

 

This is somewhat encouraging, meaning, that is hasn’t gone down at all. Now with that being said, one more time we see what is printed as "It expects the prospects for Iraq's economic growth to be put under pressure by domestic political tensions,”  

I do believe that once the elections are over and Abadi  re elected, we will continue to see such articles. 

These people have to come together as one, if not, they will continue down the path of continued tensions. Abadi is the man whom should lead Iraq from the depths of hell, progress is all around and he has overcome many obstacles to date and it seems the world is on board. The end of the first quarter could be interesting, the global community is getting impatient and Iraq must move forward. 

[Synopsis]

6 hours ago, Wiljor said:

The end of the first quarter could be interesting, the global community is getting impatient and Iraq must move forward. 

 

I agree, Brother Wiljor, AND The Best Of Your Weekend To You!!! 

 

Go Moola Nova (YEAH, BABY!!!)!!!

[Wiljor]

2 minutes ago, Synopsis said:

 

I agree, Brother Wiljor, AND The Best Of Your Weekend To You!!! 

 

Go Moola Nova (YEAH, BABY!!!)!!!

 

Saludos hermano, a super weekend out to you as well 

[ChuckFinley]

Great post and thank you for keeping us updated.  

[Pitcher]

Standard & Poor’s Ratings said on Saturday that its rating of Iraq at B- / B “with a stable outlook.

“The stable outlook reflects expectations that the fiscal deficit will be modest over the next few years,” the agency said.

“It expects the prospects for Iraq’s economic growth to be put under pressure by domestic political tensions, production quotas imposed by the OPEC agreement and restrictions on government spending,” she said.

“Iraq’s GDP is expected to grow 1.9 percent in 2018 in line with production cuts in 2017-2018 before rising 2.5 percent in 2019 as oil production recovers,” the agency said.

[Officiallytook]

Intriguing , this has my interest peaked, because I've been wondering where this rating has been, thought it should have been out, but I could be wrong, still is awesome news nice find I'll be 👀👀👀 lol

 

Few reasons why, a lot of countries with b ratings and currencies worth more then Iraq's...

 

So time for a change in a lot of fronts

Edited February 25, 2018 by Officiallytook

[yota691]

Confirmation of the possibility of raising the credit rating of Iraq

13/3/2018 12:00 am  During the second half of 2018 Baghdad / Mustafa Al Hashemi A higher degree of sovereign credit rating for any country is an economic gain and reflects the environment and the investment climate which gives it an incentive to be stable and attractive countries for investments and able to repay their debts in the event of a shock to the economy. In this regard, the economic researcher Firas Amer called for "speeding up the restructuring of the banking sector, which would raise the credit rating of Iraq because banks are the backbone of the economy, especially as we live in the days of victory over the" dashing "which should be followed by an economic victory that strengthens the position of Iraq between countries".  The GCR, an abbreviation of global credit rating, is defined as a measure of the borrower's ability to meet obligations vis-à-vis lenders, in other words, the risk of default of the lender (issuer of the bond) in fulfilling its obligations (loan value and interest   ) . Better degree Amer said in an interview with Al-Sabah that "obtaining a rating rating, better than the current high at B-, by the three global credit rating institutions is not difficult, but it is linked to the existence of real management to fulfill its requirements," noting that " Higher than Iraq's credit rating of Standard & Poor's, Fitch and Moody's is through the adoption of governance in managing the financial and production portfolios of   Iraq. " Credit rating The world's credit rating is rated 4, A, B, C and D along with the variables that represent a + or - and different frequency. The three credit rating agencies, Standard & Poor's, Moody's and Fitch, generally assess debt risk for both corporate and government debt issuances. Classification of Iraq Standard & Poor's, the world's largest credit rating agency, has confirmed Iraq's credit rating at B- / B and has given it a stable outlook, adding that the fall in oil prices has kept financial and external pressures, noting that Iraq has huge reserves It has large oil exports, reducing fears in this area, so the agency attached to its classification with stable prospects, usually the growth of the country that will remain stable in the medium term due to a large increase in oil production, which will reduce the pressure of the budget.  Amer said that "the liberation of Iraqi cities from the grip of" terrorist "will affect the high degree of classification, and hoped to be achieved during the second half of 2018, which would increase the attractiveness of foreign investment, which will achieve economic stability followed by stability in public matters that Will be reflected on the economy and income of the citizen   and the family. " The adviser to Prime Minister Dr. "The agency is conducting a review of the classification level every six months through its meeting with financial institutions and the Ministry of Planning and the security authorities and the rest of the relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year of terrorism."  "The stability of Iraq will give it the highest ratings with a stable outlook in view of its global reputation in the payment of its financial obligations in addition to having the resources to qualify for the highest credit rating."

[3n1]

nice thanks yota, lets go highest rating with a stable outlook ..

[DWS112]

29 minutes ago, yota691 said:

... speeding up the restructuring of the banking sector, which would raise the credit rating of Iraq ...

 

DO it!

 

[nannab]

36 minutes ago, yota691 said:

Confirmation of the possibility of raising the credit rating of Iraq

13/3/2018 12:00 am  During the second half of 2018 Baghdad / Mustafa Al Hashemi A higher degree of sovereign credit rating for any country is an economic gain and reflects the environment and the investment climate which gives it an incentive to be stable and attractive countries for investments and able to repay their debts in the event of a shock to the economy. In this regard, the economic researcher Firas Amer called for "speeding up the restructuring of the banking sector, which would raise the credit rating of Iraq because banks are the backbone of the economy, especially as we live in the days of victory over the" dashing "which should be followed by an economic victory that strengthens the position of Iraq between countries".  The GCR, an abbreviation of global credit rating, is defined as a measure of the borrower's ability to meet obligations vis-à-vis lenders, in other words, the risk of default of the lender (issuer of the bond) in fulfilling its obligations (loan value and interest   ) . Better degree Amer said in an interview with Al-Sabah that "obtaining a rating rating, better than the current high at B-, by the three global credit rating institutions is not difficult, but it is linked to the existence of real management to fulfill its requirements," noting that " Higher than Iraq's credit rating of Standard & Poor's, Fitch and Moody's is through the adoption of governance in managing the financial and production portfolios of   Iraq. " Credit rating The world's credit rating is rated 4, A, B, C and D along with the variables that represent a + or - and different frequency. The three credit rating agencies, Standard & Poor's, Moody's and Fitch, generally assess debt risk for both corporate and government debt issuances. Classification of Iraq Standard & Poor's, the world's largest credit rating agency, has confirmed Iraq's credit rating at B- / B and has given it a stable outlook, adding that the fall in oil prices has kept financial and external pressures, noting that Iraq has huge reserves It has large oil exports, reducing fears in this area, so the agency attached to its classification with stable prospects, usually the growth of the country that will remain stable in the medium term due to a large increase in oil production, which will reduce the pressure of the budget.  Amer said that "the liberation of Iraqi cities from the grip of" terrorist "will affect the high degree of classification, and hoped to be achieved during the second half of 2018, which would increase the attractiveness of foreign investment, which will achieve economic stability followed by stability in public matters that Will be reflected on the economy and income of the citizen   and the family. " The adviser to Prime Minister Dr. "The agency is conducting a review of the classification level every six months through its meeting with financial institutions and the Ministry of Planning and the security authorities and the rest of the relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year of terrorism."  "The stability of Iraq will give it the highest ratings with a stable outlook in view of its global reputation in the payment of its financial obligations in addition to having the resources to qualify for the highest credit rating."

 

 Come on A-/A    Keep bringing them Mr. Yota  

[bkeiller]

Overtake Egypt and catch up on Saudi Arabia ... in our lifetime, please: 

https://tradingeconomics.com/saudi-arabia/rating

 

[Laid Back]

"The stability of Iraq will give it the highest ratings with a stable outlook in view of its global reputation in the payment of its financial obligations in addition to having the resources to qualify for the highest credit rating."

 

Go GCR A+

Go RV

Go $1:1

[NoviceInvestor]

The highest credit rating ... With a still worthless currency.. Their next review is s few months away as they have not long ago had a review.. Plus we have a couple of hiccups between now and then namely a General Election May 12th and Ramadan begins May 15th...

 

[murd11]

7 hours ago, yota691 said:

Confirmation of the possibility of raising the credit rating of Iraq

13/3/2018 12:00 am  During the second half of 2018 Baghdad / Mustafa Al Hashemi A higher degree of sovereign credit rating for any country is an economic gain and reflects the environment and the investment climate which gives it an incentive to be stable and attractive countries for investments and able to repay their debts in the event of a shock to the economy. In this regard, the economic researcher Firas Amer called for "speeding up the restructuring of the banking sector, which would raise the credit rating of Iraq because banks are the backbone of the economy, especially as we live in the days of victory over the" dashing "which should be followed by an economic victory that strengthens the position of Iraq between countries".  The GCR, an abbreviation of global credit rating, is defined as a measure of the borrower's ability to meet obligations vis-à-vis lenders, in other words, the risk of default of the lender (issuer of the bond) in fulfilling its obligations (loan value and interest   ) . Better degree Amer said in an interview with Al-Sabah that "obtaining a rating rating, better than the current high at B-, by the three global credit rating institutions is not difficult, but it is linked to the existence of real management to fulfill its requirements," noting that " Higher than Iraq's credit rating of Standard & Poor's, Fitch and Moody's is through the adoption of governance in managing the financial and production portfolios of   Iraq. " Credit rating The world's credit rating is rated 4, A, B, C and D along with the variables that represent a + or - and different frequency. The three credit rating agencies, Standard & Poor's, Moody's and Fitch, generally assess debt risk for both corporate and government debt issuances. Classification of Iraq Standard & Poor's, the world's largest credit rating agency, has confirmed Iraq's credit rating at B- / B and has given it a stable outlook, adding that the fall in oil prices has kept financial and external pressures, noting that Iraq has huge reserves It has large oil exports, reducing fears in this area, so the agency attached to its classification with stable prospects, usually the growth of the country that will remain stable in the medium term due to a large increase in oil production, which will reduce the pressure of the budget.  Amer said that "the liberation of Iraqi cities from the grip of" terrorist "will affect the high degree of classification, and hoped to be achieved during the second half of 2018, which would increase the attractiveness of foreign investment, which will achieve economic stability followed by stability in public matters that Will be reflected on the economy and income of the citizen   and the family. " The adviser to Prime Minister Dr. "The agency is conducting a review of the classification level every six months through its meeting with financial institutions and the Ministry of Planning and the security authorities and the rest of the relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year of terrorism."  "The stability of Iraq will give it the highest ratings with a stable outlook in view of its global reputation in the payment of its financial obligations in addition to having the resources to qualify for the highest credit rating."

B- isn't anything to write home about. Hopefully it comes out higher

[yota691]

Standard & Poor's confirms Iraq's credit rating at B- / B with a stable outlook

 

Standard & Poor's logo. "Reuters"

Arab and international Economy News Baghdad Credit rating agency Standard & Poor's confirmed Iraq's credit rating at B- / B with a stable outlook. The agency said a stable outlook reflected its view that risks to Iraq's fiscal performance would be contained. The agency said it did not expect to raise its ratings for Iraq over the next 12 months. Views 16   Date Added 02/23/2019

 

[yota691]

B & B: Iraq's credit rating will not rise in 2019

 

Continue - NRT

 

The ratings agency Standard & Poor's said on Saturday that its ratings for Iraq will not rise over the year.

"Its classification of Iraq is at B- / B, with a stable outlook that reflects its view that the risks to the public finances in Iraq will be contained," the agency said in a report published on its official website and viewed by NRT.

According to the World Bank, Iraqi GDP growth is expected to accelerate to 6.2% in 2019, supported by higher oil production.

In the following years, oil production is expected to increase slightly, reducing overall growth to 2.5% on average until 2023, due to limited Iraqi government capacity to improve investment in the oil sector.

Non-oil growth is expected to remain positive on the back of increased investment needed to rebuild the country's damaged infrastructure network, private consumption and investment.

But a sustained recovery in the non-oil sectors will depend on the transition from immediate recovery because of improved security to the implementation of high quality investments with secure funding.

Consequently, reconstruction will remain a progressive risk for growth, not in the baseline, given the continuing uncertainties about how the process works, according to the World Bank.

[yota691]

Standard & Poor's: There are no expectations of raising Iraq's credit rating

09:05 - 23/02/2019

 

 

 

Follow - up - the balance News 
Agency reported Standard & Poor 's credit rating that it does not expect to raise their ratings for Iraq over the next twelve months. 
The agency confirmed its classification to Iraq at (B- / B), with a stable outlook. 
She noted that the stable outlook reflects her view that risks to the performance of public finances in Iraq will be contained. 
According to the World Bank, GDP growth is expected to accelerate to 6.2% in 2019, supported by higher oil production. 
In the following years, oil production is expected to increase slightly, reducing overall growth to 2.5% on average until 2023, due to the limited ability of the Iraqi government to mobilize investment in the oil sector.
Non-oil growth is expected to remain positive on the back of increased investment needed to rebuild the country's damaged infrastructure network, private consumption and investment. 
But a sustained recovery in the non-oil sectors will depend on the transition from immediate recovery because of improved security to the implementation of high quality investments with secure funding. 
Consequently, reconstruction will remain a progressive risk for growth (not in the baseline) given the continuing uncertainty about how the process works, according to the World Bank.

[yota691]

Learn about Iraq's credit rating

Editorial date: 2019/2/23 13:14 • 80 times read

Baghdad - Iraq's credit rating will remain B- / B with a stable outlook, Standard & Poor's ratings agency said.

The agency said on Saturday that a stable outlook reflected its view that risks to the performance of public finances in Iraq would be contained. 
It said it did not expect to raise its ratings for Iraq over the next 12 months.