SocalDinar Posted January 18, 2021 Report Share Posted January 18, 2021 AM Best Releases Country Risk Assessment Report on Iraq January 18, 2021 09:51 AM Eastern Standard Time OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has released a new Country Risk Assessment Report on Iraq, which provides an economic, political and financial system risk assessment on the country. With the new assessment on Iraq, AM Best now has produced country risk reports on 138 countries. AM Best determines country risk levels by assessing country-specific factors that could adversely affect an insurer’s ability to meet its financial obligations. Country risk is evaluated and factored into all AM Best ratings. As part of evaluating country risk, AM Best identifies the various factors within a country that may directly or indirectly affect an insurance company. Countries are placed into one of five tiers, ranging from CRT-1 (Country Risk Tier 1) – denoting a stable environment with the least amount of risk – to CRT-5 (Country Risk Tier 5) – for countries that pose the most risk, and therefore, the greatest challenge to an insurer’s financial stability, strength and performance. The Country Risk Tier of CRT-5 for Iraq reflects a very high level of economic, political and financial system risk. Country risk is incorporated into the analysis of balance sheet strength, operating performance, and the business profile of all rating units. Analysis is done on each rating unit’s country of domicile as well as country of operations (regulation, asset, and insurance exposure). Please visit AM Best’s Country Risk center for the complete listing of Country Risk Tiers and country-specific reports. For more information about AM Best’s country risk methodology, “Evaluation Country Risk,” please visit the methodology section of AM Best’s website. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com. https://www.businesswire.com/news/home/20210118005353/en 6 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 18, 2021 Report Share Posted January 18, 2021 “The Country Risk Tier of CRT-5 for Iraq reflects a very high level of economic, political and financial system risk.” CRT-5 means: Unpredictable and opaque political, legal and business environment, with limited or non existence capital markets; low human development and social instability; nascent insurance industry. NO good for international investors.! 4 2 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted January 18, 2021 Report Share Posted January 18, 2021 In other words .... these are Blunt Skulls and not worth the effort. Okay, now we know. 4 2 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted January 18, 2021 Report Share Posted January 18, 2021 7 1 1 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted January 18, 2021 Report Share Posted January 18, 2021 Seems like, still, a high level of corruption exits. We patiently wait. 2 4 Quote Link to comment Share on other sites More sharing options...
PrehistoricMan Posted January 18, 2021 Report Share Posted January 18, 2021 Article looks like bad news. Who posted it again? Let me check. Ahh... Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted January 18, 2021 Report Share Posted January 18, 2021 And wait and wait and wait and wait and wait, well you get the picture!! 1 Quote Link to comment Share on other sites More sharing options...
Engine1 Posted January 19, 2021 Report Share Posted January 19, 2021 It dont look good does it ? 1 Quote Link to comment Share on other sites More sharing options...
3n1 Posted January 19, 2021 Report Share Posted January 19, 2021 I can't think of a better time to reinstate the iqd myself letsroll 3 2 2 Quote Link to comment Share on other sites More sharing options...
PrehistoricMan Posted January 19, 2021 Report Share Posted January 19, 2021 3 minutes ago, 3n1 said: I can't think of a better time to reinstate the iqd myself letsroll Thanks for being positive. Someone else had said that they dont see investors coming into Iraq UNTIL they have changed the rate. 5 Quote Link to comment Share on other sites More sharing options...
3n1 Posted January 19, 2021 Report Share Posted January 19, 2021 7 minutes ago, PrehistoricMan said: Thanks for being positive. Someone else had said that they dont see investors coming into Iraq UNTIL they have changed the rate. no worries PHman , don't get me wrong , iraq imo has many glaring issues for sure ( but so does almost every other country on the globe ) but for some reason countries around the world continue to help and prop iraq up like no other and for what reason 🤔 that keeps hope alive ... cheers 1 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted January 19, 2021 Report Share Posted January 19, 2021 11 hours ago, Wiljor said: If iraq country risk tier 5: very high risk of country risk, then why did iraq want to waste monies to print 100,000 denominations ( i read the articles about printing 100,000 denomination before ) instead of just delete 3 zeros from the exchange rate? And beside, iraq already printed lower denoms a long time ago. Therefore, iraq should be ready to delete 3 zeros and release lower denoms at anytime. Only time will tell and time is decided only by the cbi and minister of finance. Whenever they are ready, they will do it and one day boom surprise dinar investors. 2 Quote Link to comment Share on other sites More sharing options...
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