The degree of Iraq's credit rating could rise

[yota691]

The degree of Iraq's credit rating could rise

 

 

         

2/3/2016 0:00 

BAGHDAD Mustafa Al Hashimi 
 confirmed Prime Minister for Economic Affairs Dr. adviser appearance of Mohammed Saleh possibility of improvement in the degree of Iraq 's credit rating to a higher degree during the current year. 
Saleh added in a statement »Sabah» that the degree classification will rise certainly after the liberation of Mosul and some cities in Anbar, stressing that high oil prices and the gradual recovery that would contribute to the progress of the degree of Iraq 's credit rating. Known credit rating GCR, which is 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 in other words , the risk of non - payment the lender (issuer) to meet its obligations (loan to value and benefits) of the borrower (bondholder) . And is rated the world 's credit rating ladder consists of four grades are A, B, C and D as well as variables that represent signal + or - different Petkrarat. The credit rating agencies of the three, the Standard & Poor 's , and Moody's, Fitch in general risks related to religion versions for both corporations or governments evaluate. The rating agency Standard &Poor 's , the largest credit rating agencies in the world, confirmed Friday its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook, adding in a statement that the decline in the price of oil has kept the financial pressure and external. However , the «Standard & Poor 's » pointed out that Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area, so attached to the agency classified the prospect of a stable, usually the growth of the country that he will remain steady in the medium term due to the significant increase in oil production is It will ease budget pressures. He returned to favor confirms that the liberation of the Iraqi cities terror Sather certainly in the high temperature rating, hoping to be the class to a class A during the next six months. He explained that the agency conducted a review of the degree classification every six months during a meeting of financial institutions and the Ministry of Planning and the security agencies and other relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year of terror. 
He stressed that the stability of Iraq would give him the highest degree of rating with a stable outlook given global reputation in the payment of its financial obligations as well as possession of resources that qualify to ascend to the highest credit ratings.

[YukonJohn]

Some very positive News!  Thanks Yota 

[Officiallytook]

International

[bigwave]

Come on A Class!

[Laid Back]

With Abadi's reform process the GCR will change in the near future.

Go Iraq

Go Abadi

Go reforms

Go cabinet reshuffle

Go battle against corruption

Go important laws

Go GCR

Go success

[calkid11]

Thank you Yota

[sandfly]

THANKS

[new york kevin]

I like.

[jg1]

Yea.

[unirod]

There you go. Iraq can meet it's financial obligations with no worries. If only these tribes can ascend out of the Stone Age...

[yota691]

GM DV...as stated in many articles by Zebari: degree in change in credit rating upwards, would lower the interest rate on the Loan Zebari try to obtained for Iraq...

[Synopsis]

What I like from the article is the statement, "Saleh added in a statement »Sabah» that the degree classification will rise certainly after the liberation of Mosul and some cities in Anbar, stressing that high oil prices and the gradual recovery that would contribute to the progress of the degree of Iraq 's credit rating."

 

I suspect the liberation of Mosul and cities in Anbar will occur sooner rather than later.  With these Daash terrorist elements disabled, the physical, political, and social infrastructure in Iraq will experience a strong recovery rate relatively uninhibited especially with the reforms in the works (IMO).  Oil prices may or may not be at their low.  I am inclined to think that oil prices, on average, will not go lower.  If the Iraqi financial corruption is staved off significantly, I suspect Iraq will be able to pay off their loans, even at an accelerated rate with potentially higher oil prices, to support a greatly improved credit rating at the next review.

I could be wrong, but I do not think a stated investment/lending secure credit rating from S&P, Moody's, or Fitch is needed provided Daash is destroyed, the necessary reforms are in place, Iraq is paying off their loans, and oil prices are improving for the IQD to revalue.  I will get excited if Dr. Shabibi is instated as the CBI governor.  My opinion is Dr. Shabibi's instatement as the CBI Governor will indicate the IQD RV is imminent and will be at or around the HCL being published in the Gazette (IMO).

[skeetdog]

Thanks Yota...Iraq needs to compliment their support on the progress they're making by pushing the Amnesty Act and the National Guard Bill (or whatever it's referred to now) through Parliament, to give the Sunnis there needed armed protection...Anbar is a vast area that can only be secured and protected by the local citizens that know the territory, language and the people that are suppose to be there...  

[SnowGlobe7]

yota.. correct me if I am wrong...but this is great news......I was happy with the B but an A???

 

Is there a current country with an A rating that is not trading internationally????

Edited March 3, 2016 by SnowGlobe7

[yota691]

The degree of Iraq's credit rating could rise

 

    BAGHDAD / Economy News ...

 

The head of the Minister for Economic Affairs Adviser Dr. appearance of Mohammed Saleh possibility of improvement in the degree of Iraq's credit rating to a higher degree during the current year.

Saleh added in a statement in one of the agencies, that the degree classification certainly will rise after the liberation of Mosul and some cities in Anbar, stressing that the rise in oil prices and the gradual recovery that would contribute to the progress of the degree of Iraq's credit rating. Known credit rating GCR, which is 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 in other words, the risk of non-payment the lender (issuer) to meet its obligations (loan to value and benefits) of the borrower (bondholder) . And is rated the world's credit rating ladder consists of four grades are A, B, C and D as well as variables that represent signal + or - different Petkrarat. The credit rating agencies of the three, the Standard & Poor's, and Moody's, Fitch in general risks related to religion versions for both corporations or governments evaluate. The rating agency Standard & Poor's, the largest credit rating agencies in the world, confirmed Friday its credit rating for Iraq at B- / B in spite of the fluctuation of oil prices and a height of caution and gave him a stable outlook, adding in a statement that the decline in the price of oil has kept the financial pressure and external. However, the «Standard & Poor's» pointed out that Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area, so attached to the agency classified the prospect of a stable, usually the growth of the country that he will remain steady in the medium term due to the significant increase in oil production is It will ease budget pressures. He returned to favor confirms that the liberation of the Iraqi cities terror Sather certainly in the high temperature rating, hoping to be the class to a class A during the next six months. He explained that the agency conducted a review of the degree classification every six months during a meeting of financial institutions and the Ministry of Planning and the security agencies and other relevant departments, stressing that the indicators confirm the liberation of the cities of Iraq during the current year from terrorism.

He stressed that the stability of Iraq would give him the highest degree of rating with a stable outlook, given the global reputation in the payment of its financial obligations as well as possession of resources that qualify to ascend to the highest credit ratings.

  Views 84   Date Added 02/03/2016 - 10:51   Last updated 03/03/2016 - 10:32   No. Content 2292

[jg1]

Heres hoping FOR an A in the next 6 months.

[billbill]

Thanks, keep the progress going forward...Abadi is what they have needed all along.

[ronberta]

thanks yota  U get an A+  rating from Big Ron here !!!  Awesome new reporting my friend !!!   My best Big Ron