IRAQ'S CREDIT RATINGS

[Scooter]

DV TEAM,

I hope all is well!! Since there's been a bit of discussion regarding Iraq's Credit Rating, I decided to research the subject. There's some good news, bad, and real ugly. Overall, the ratings were expected under the circumstances. When reviewing, just ask yourself what the RV would do to this credit rating. I'm curious to hear your responses.

Best regards,

Scooter

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[stillwaters]

Well Scooter two thumbs up for the biggest, most colorful and most info-laden posts of all! Thanks for your input.

[jon29]

Scooter, thanks for taking the time to research and post this for us.

[pleasantvalleySunday]

Thanks Scooter! Love when something makes you scratch your head cause we all benefit! You're so generous in sharing your research!

Not listed with credit agencies doesn't really surprise me ... if the currency is not recognized globally what would be the point? Of course, that is assuming (and exactly what I'm doing which may bring shame on me haha) the ones who are, ARE.

Love ya dear,

pvS

[Roadrunner]

Thanks Scooter, good post. What caught my eye most was the line (Economic Growth percentage) it shows 9.5 in 2008, 4.5 in 2009, 4.2 in 2010 and 7 in 2011. this is great considering we are only in the third month of the year. I take that as a positive indicator of good things to come.

[blindside50]

Scooter,

Great post! My question is what did Kuwait's credit look like before they got back on track?

thanks

[elmstreet61]

Wonderful work, thanks Scooter. Woohoo Australia is AAA and A1 all the way!!

So proud of my country!!

[rjboots1]

It seems to me that most of the concerns over Iraq's finances, (i.e. debt service capabilities and liquidity concerns), will immediately go away with an RV. Right?

And, I'm not familiar with Fitch, but Moody's and S&P are pretty much a joke when it comes to stock ratings. I don't know about "country" ratings. They had Bear Stearns as "A" rated literally up to the day they filed bankruptcy if my memory is correct. They never seem to change ratings until after it doesn't matter.

Looks to me like political/military stability in the region may be the real lingering issue with regard to global credit reliability. And that's not going to improve any time soon with all that's going on in the middle east.

JMO. As always, Scooter, great job, and I'll still vote for you if you run!!!

[AkinNAUY]

Great info Scooter... Thanks!

[pleasantvalleySunday]

Wonderful work, thanks Scooter. Woohoo Australia is AAA and A1 all the way!!

So proud of my country!!

And I have to question how the US has an AAA rating?

[Crow]

Scooter,

Great post! My question is what did Kuwait's credit look like before they got back on track?

thanks

GREAT QUESTION!!!! SINCE THIS WHOLE THING SEEMS TO MIRROR KUWAITS!

[Old Guy]

And I have to question how the US has an AAA rating?

PVS!, I was wondering the same thing even before I read your post, our economy is slipping off the seat right into the crapper, more and more countries are dumping the USD as a standard, that is our only hope to stay solvent, and we are gradually losing it, Bad news for our investments!

Good Things To All !

By the way, Thanks Scooter, your info is always off the grid!

Edited March 28, 2011 by Old Guy

[moose 57]

Thanks for a great post! along with all of your others.

http://www.youtube.com/watch?v=1hYV-JSjpyU good,bad &, ugly

sorry, had to do it