The current credit rating of Iraq fits and economic reality

[yota691]

The current credit rating of Iraq fits and economic reality

 

 

       

12/11/2013 0:00 

Call to speed up installing formally 

Baghdad - Mostafa Hashemi - Farah pumice 

seeks most governments and countries, companies or funding agencies to obtain credit rating in order to facilitate their access to finance that you want through the local markets or external reason to force the pace to get the highest degree of classification between countries the world to improve its reputation and economic development of the joints of the various productive sectors, to confirm for countries wishing to invest that its economic structure intact and its environment are valid, as well as the credit rating alleviate the cost of borrowing at the State's need to decode Achtnaqatha financial external debt.recognized credit rating is known as the credit rating GCR, an acronym for ( global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of lenders or other words, the risk of non-payment of the lender (the source of the bond) to fulfill its obligations (the value of the loan and its benefits) to the borrower (the bondholder). And is rated the world's credit rating ladder consists of 4 grades are A, B, and C and D as well as variables that represent signal + or - and Petkrarat different.The credit rating agencies of the three, the Standard & Poor's, Moody's and, in general, Fitch evaluates the risks associated with both versions of the debt of companies or governments. The ability of the source to meet the payment of debt interest and premiums incurred by him the most important indicator of creditworthiness upon which to build classifications by these agencies. According to the economic expert d. Appearance of Mohammed Saleh, the rating Iraq credit now, although he did not specify yet officially, Vhually probably at Class B returned him a good indication of the reason for optimism, explaining in a statement (morning): This place in the classification is not official, but set the intensity on buying Iraqi bonds sold in global markets, amounting to 2.7 billion dollars annual interest rate steady at 5.8 percent. confirmed that it is possible to get it through a contract from one of the economic departments of government such as the Ministry of Commerce, financial or planning with one of the three agencies for the recent turn to conduct a field survey of the political situation and social and financial embrace it result in the degree classification. He stressed that the existence of a credit rating, though low, is better than no rating basically. Chapter VII and pointed out that the existence of Chapter VII was the most prominent obstacles to obtaining credit rating because he lifted under international sanctions since the nineties of the last century, as the lack of a classification mainly was proved and confirms that the country was a threat to all countries in the world. He continued, but now after entering Iraq to item VIII of the UN Charter, it is important to move the government in this aspect for the purpose of obtaining a Category formally to achieve the required development after the entry of foreign investment into the country. was the first round of the Conference of Finance and Commerce had been launched in June of this year 2012, agreed during the government with the American side to encourage investors to come to Iraq and classification of credit to be able to give credit to foreign investors, as well as the importance that goes on Iraq in this category in order to give the guarantees opportunities for investors and confidence to recover their capital. force Iraq's financial Salih stressed The strength of Iraq's financial is very large, and what it takes to integrate into the global system and the existence of financial liquidity and high oil wealth, which would raise the grade credit rating of Iraq, as he needed at the current stage to attract investment and foreign companies for the reconstruction of the infrastructure to get through credit rating in order to develop economic reality to stabilize its importance in attracting investments and give the perceptions of the economic right to investing companies. and the importance of getting Iraq on the credit rating of the sovereign of the international credit rating agencies and the application of the policies needed to improve the degree classification to become within the investment grade, which contributes to increase the resources of the state, including enable the country to attract investors and access to global capital markets and obtain financing cost occasion., and pointed out that there are differences between the credit rating agencies in the credit rating of sovereign debt, as well as the factor of financial is the most influencing factors in the credit rating of sovereign debt, which leads to change degree classification, pointing to the need to identify the differences among them in the methodologies credit rating for sovereign debt even canceled. Saleh explained that the three agencies recognized because the countries of the world take these classifications also said Iraq needs to get them for the purpose of improving the attraction of investment and confirm the efficiency of Iraq financially. simple mechanisms for his part stressed the point person on the financial sector Shirvan Anwar Mustafa importance for Iraq's sovereign rating global. Mustafa said in his speech (morning): "There are ways and simple mechanisms for the sovereign rating, especially that all countries of the world are dealing with institutions evaluate international" , returned him an important issue for the country and to handle international, especially in terms of financial institutions. , he added, "in order to deal rating agencies and the international calendar with Iraq, must be plans and government policies are clear and stable without fluctuation, as well as to maintain the stability of the currency and a commitment to international conventions, referring to the The current trend in the way of the signing of international treaties that give a guarantee to the investor, which is "favorable ground" for any international institution calendar to assess the situation in Iraq in general and to support to UN agencies.

 

[sandfly]

B NOT BAD

[moneysoon]

They are working on infrastructure items everywhere we look. It won't be long. Hang in there!

[yota691]

Expert: Credit Rating Iraq's current economic reality and fits

 

December 11, 2013 11:49   Last Updated: December 11, 2013 11:49

 

 

Seeks most governments and countries, companies or funding agencies to obtain credit rating in order to facilitate their access to finance that you want through the local markets or external reason to force the pace to get the highest degree of classification among the nations of the world to improve its reputation and economic development of the joints of the various productive sectors, to confirm for countries wishing investment to its sound economic and environment are valid, as well as the credit rating eases the cost of borrowing when the state needed to decode Achtnaqatha financial external debt. 
According to the economic expert d. Appearance of Mohammed Saleh, the rating Iraq credit now, although he did not specify yet officially, Vhually probably at Class B returned him a good indication of the reason for optimism, explaining in a statement (morning): This place in the classification is not official, but set the intensity on buying Iraqi bonds sold in global markets, amounting to 2.7 billion dollars annual interest rate steady at 5.8%. 
known credit rating GCR, an acronym for (global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of the lenders or the sense of the other risks of non-payment of lender (source Sindh) to fulfill its obligations (the value of the loan and its benefits) to the borrower (the bondholder). And is rated the world's credit rating ladder consists of 4 grades are A, B, and C and D as well as variables that represent signal + or - and Petkrarat different. The credit rating agencies of the three, the Standard & Poor's, Moody's and, in general, Fitch evaluates the risks associated with both versions of the debt of companies or governments. The ability of the source to meet the payment of debt interest and premiums incurred by him the most important indicator of creditworthiness upon which to build classifications by these agencies. 
confirmed that it is possible to get it through a contract from one of the economic departments of government such as the Ministry of Commerce, financial or planning with one of the three agencies to the recent in turn, conduct a field survey of the situation of the political, social and financial embrace it result in the degree classification. He stressed that the existence of a credit rating, though low, is better than no rating basically.

 

 

Edited December 11, 2013 by yota691

[sandstorm]

establishing a gcr is extremely important for any possible rv. huge

[k98nights]

The current credit rating of Iraq fits the economic reality      

 

11/12/13 12: 00 am

Call to speed up the installation formally

Baghdad-Mostafa Hashemi-Farah pumice

Most Governments, States, corporations, funding bodies for the credit rating to have access to financing that you want through the domestic or external markets to acceleration for the highest rankings among the Nations of the world to improve its reputation and economic development of the different productive sectors, joints to assure States wishing to invest that sound economic structure and environment, as well as the credit rating reduces cost of borrowing when the State needed to decode soon we may have lots of financial debt.

Recognized credit rating

The credit rating is known as GCR, and is abbreviated to (global credit rating) that measure to estimate the potential borrower to meet its obligations in the face of lenders or other risks of non-payment by the lender (Sindh) in fulfilment of its obligations (loan amount and interest) of the borrower (bondholder). The Nations of the world are classified by recognized credit rating consists of 4 grades are A, B, C and D to the variables that represent the signal + or – in different iterations. The three credit rating agencies, standard & poor 's, Moody's and Fitch, the overall risk assessment for corporate versions of both religion and Government. And the ability of the source to meet the payment of benefits and premiums of the most important indicator of creditworthiness which ratings by these agencies.

According to the economic expert Dr. Mohammad Saleh appearance that Iraq now credit rating, although it did not officially yet, probably at fahoali B returned to him a good indicator and cause for optimism, saying in a statement to (morning): this grade classification is informal but strongly set on buying bonds that are sold in world markets, amounting to $ 2.7 billion in annual interest steady at 5.8 percent.

It was possible to get through a decade of a government economic departments such as the Ministry of trade, financial or planning with one of the three agencies to undertake its role in conducting field survey of the political, social and financial resources to build the result in a classification. Stressing that a credit rating, though low, is better than no categorization.

Chapter VII

He pointed out that Chapter VII was the most prominent obstacles to obtaining credit ratings as it lifted under international sanctions since the 1990s, the absence of a classification basis was set and that the country was a threat to all States of the world. He now entering Iraq to section 8 of the Charter of the United Nations is important to government action in this area for the purpose of obtaining the formal classification of the required development after the entry of foreign investment into the country.

The first round of Conference of finance and trade was launched in June 2012, which the Government agreed with the American side to encourage investors to come to Iraq and classified credit in order to be able to give credit to foreign investors, along with the importance of Iraq in this category goes to give guarantees on jobs and confidence to investors recover their capital.

Force Iraq finance

Saleh said that Iraq finance too large and what it takes to integrate into the global system of financial liquidity, high oil wealth, which would increase the degree of Iraq's credit rating as it needs at the current stage to attract investment and foreign companies for the reconstruction of infrastructure through access to credit rating in order to develop the economic stabilization of its importance in attracting investments and give the right economic perceptions to investment companies.

And the importance of Iraq's sovereign credit rating from international credit rating agencies and implement the necessary policies to raise the rating to become part of a investment that contributes to increasing the resources of the State to enable the country to attract investors and access to global capital markets and finance cost.

He noted that there are differences between the credit rating agencies in the credit rating for sovereign debt, as well as the financial agent is the most influential factors in sovereign debt credit rating to Change rating, noting the need to determine the differences between the methodologies of credit rating for sovereign debt to be cancelled.

Saleh said three agencies recognized that all States of the world take these ratings and Iraq needs to get it for the purpose of improvement of investment attraction assertion Iraq financially efficient.

Simple mechanisms

He specialized in financial sector sherwan Anwar Mustafa importance of Iraq a sovereign rating.

Mustafa said in his (morning): "there are simple mechanisms to obtain a sovereign rating, especially that all countries in the world dealing with the international calendar", returned by the important subject of country and international, especially at financial institutions.

He added that "to deal the institutions and international calendar with Iraq, Government plans and policies are clear and stable without fluctuation, as well as to maintain the stability of the currency and adherence to international conventions, noting that the current trend is moving in by signing international treaties that give a guarantee to the investor, is the" floor "of any institution an international calendar for assessing the status of Iraq in support of United Nations organizations.

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=60065

 

[kennyc]

very interesting as I rub my chin.

GO RV

[sandstorm]

this is great news. more important than the hcl or anything else. do to credits( oil credit), establishing credit rating, opens up all that international business.

ive been waiting for this news for years.

[zigmeister]

this is great news. more important than the hcl or anything else. do to credits( oil credit), establishing credit rating, opens up all that international business.

ive been waiting for this news for years.

If sandstorm is excited than so am I!   

[Dinarian64]

Woot!

[fmfboy]

Thanks K98  Now if they can only stay with the task at hand would be awesome

[unirod]

Probably at "B" but not official yet. This statement means it could be even higher given that Iraq has virtually no sovereign debt....

[staunch]

If sandstorm is excited than so am I!

Lol...that's what I am thinking. Not much optimism bubbling up out of the "sand" as of late, so I'm liking it!

[AmericaInc]

Wow, Sandstorm has quieted to a gentle breeze...even closer to the LOP I guess...

[sandstorm]

Wow, Sandstorm has quieted to a gentle breeze...even closer to the LOP I guess...

if there ever will be any substantial rv, this must happen first. very important to international trade. deleting zeroes is postponed again, which is great as well. despite the small chance i see for a major revaluation, i still hold dinar and would love nothing other to see it gain in value.

[outlawclg]

so GCR = article 8?  

 

Then I also request that they formally install it....  soon