Ministry of Finance: Iraq internationally maintains its credit rating

[yota691]

Ministry of Finance: Iraq internationally maintains its credit rating

•  Time: 02/26/2021 15:18:55
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•  Read: 2,717 times

 

  

{Baghdad: Al Furat News} The Ministry of Finance announced, today, Friday, that Iraq has maintained its global credit rating at {-B} with an emphasis on financial and economic stability, according to the international agency Standard and Poor's {S&P}.

"The Minister of Finance, Ali Allawi, participated in a panel discussion to discuss economic and financial developments and the credit rating of Iraq via video conference, which included experts and specialists from the ministries of finance and oil, and representatives of the Central Bank," a ministry statement said.
He added that "during the dialogue, they discussed the economic and financial developments and the credit rating of Iraq and the factors that contributed to maintaining the credit rating at-and the emphasis on financial and economic stability, according to Standard and Poor's Agency."
He pointed out that the change in the exchange rate eased pressure on foreign reserves and strengthened the ability of the Ministry of Finance to provide domestic financing and recovered crude oil prices at the beginning of 2021 compared to what they were in 2020.
The statement continued, "The stable outlook for the Iraqi economy was also discussed, which came to reflect the continuation of foreign currency reserves at a level that increases the external public debt service and Iraq's ability to pay off its external debt obligations over the next 12 months."
The Ministry of Finance pointed out that "the Standard & Poor's Agency, since the outbreak of the Corona pandemic, has taken decisions to reduce the rating from stable to negative for more than 80 cases around the world."
Ammar Al-Masoudi

[yota691]

Ministry of Finance: Iraq internationally maintains its credit rating

Editing date: 2/26/2021 15:32 • 71 read times

http://www.alliraqnews.com/uploads/news/image/medium/story_img_6038ea4936b81.jpg

[Baghdad-Where]
Finance Minister Ali Allawi participated in a panel discussion to discuss economic and financial developments and the credit rating of Iraq via video conference, which included experts and specialists from the ministries of finance and oil and representatives of the Central Bank.

During the dialogue, they discussed the economic and financial developments, the credit rating of Iraq, and the factors that contributed to maintaining the credit rating at a degree of -

[Donziman]

Thanks yota. Seems like the slowing of the auction slowed down the stealing

and helped their general financial health. Go RV..

[pokerplayer]

At "B" grade .. Minister of Finance: Iraq has maintained its global credit rating

Economie| 03:37 - 26/02/2021

 

Baghdad - Mawazine News

On Friday, the Minister of Finance, Abdul Allawi, confirmed that Iraq internationally maintained its credit rating at B, with an emphasis on financial and economic stability, according to the international agency Standard and Poor's S&P.

The media office of the Minister of Finance stated, in a statement received by Mawazine News, that “Allawi participated in a dialogue session to discuss the economic and financial developments and the credit rating of Iraq via video conference, which included experts and specialists from the ministries of finance and oil and representatives of the Central Bank.”

The statement added, "During the dialogue, they discussed the economic and financial developments and the credit rating of Iraq and the factors that contributed to maintaining the credit rating at -???? and the emphasis on financial and economic stability, according to S&P Standard and Poor's Agency.

Allawi said, "The change in the exchange rate contributed to relieving pressure on foreign reserves and enhancing the ability of the Ministry of Finance to provide domestic financing and recovering crude oil prices at the beginning of 2021 compared to what they were in 2020.

The statement continued: "The stable outlook for the Iraqi economy was also discussed, which came to reflect the continuation of foreign currency reserves at a level that increases the external public debt service and the ability of Iraq to pay off its external debt obligations over the next (12) months."

It is worth noting that, since the outbreak of the Corona pandemic, Standard & Poor's agency S&P has taken decisions to reduce the rating from stable to negative for more than 80 cases around the world.

https://www.mawazin.net/Details.aspx?jimare=143347

[Laid Back]

Interesting that they are talking about the credit rating now.?

 

Are they planning to go international?

 

Are they hinting something to the Iraqi citizens and the international community ?

 

Go Iraq 

Go international 

Go open market economy 

Go 2021

[Laid Back]

Looks interesting to me that they’re talking about credit rating now.

 

 

 

 

 

[southbeach]

no hinting here either.  straight out.

[Wiljor]

27 minutes ago, Laid Back said:

Looks interesting to me that they’re talking about credit rating now.

 

 

 

 

 

Lot's of talk lately indeed Laid Back,

Credit rating

Exchange Rate

HCL

Oil 

Budget

Looks like they are getting ready to make the jump to the world's stage, and, open the economy up to become a global contender. 

This is really starting to get interesting brother, hang tight and be ready 

[Laid Back]

23 minutes ago, Wiljor said:

Lot's of talk lately indeed Laid Back,

Credit rating

Exchange Rate

HCL

Oil 

Budget

Looks like they are getting ready to make the jump to the world's stage, and, open the economy up to become a global contender. 

This is really starting to get interesting brother, hang tight and be ready 

Indeed Brother Wiljor 

WTO ascension 

Automation of Customs

Drastic reduction of daily auctions 

Trade agreement with many countries 

Stronger policies against corruption 

The Pope visiting Iraq in March

 

Go RV 

 

 

[rvmydinar]

11 hours ago, pokerplayer said:

 "The change in the exchange rate contributed to relieving pressure 

Then, what are you waiting for? The only solution is just rv your currency at 3.22 usd and problem solved.  What took you so long just to rv at 3.22 usd? Don't tell me that you just like to talk talk talk BS and delay again this time. Hurry up no more BS, no more delays  , and no more vacations as an excuse until you rv your currency at 3.22 usd.

[yota691]

Iraq maintains its global credit rating

Economie

2021-02-26 | 08:41

 

 

1,169 Views

 

Today, Friday, the Ministry of Finance announced that Iraq will maintain its global credit rating.

The ministry said in a statement that Alsumaria News obtained a copy of, that its minister, Ali Allawi, "participated in a dialogue session to discuss the economic and financial developments and the credit rating of Iraq via video conference, which included experts and specialists from the ministries of finance and oil and representatives of the Central Bank."

 

 

The dialogue discussed, according to the statement, "the economic and financial developments and the credit rating of Iraq and the factors that contributed to maintaining the credit rating at the degree of _ and the emphasis on financial and economic stability, according to Standard and Poor's S&P."

The statement pointed out, "The dialogue also discussed the contribution of changing the exchange rate to relieving pressure on foreign reserves and enhancing the ability of the Ministry of Finance to provide domestic financing and recovering crude oil prices at the beginning of 2021 compared to what they were in 2020."

[yota691]

At the grade "B" .. Minister of Finance: Iraq has maintained its global credit rating

 

016 less than a minute

Iraqi life

On Friday, the Minister of Finance, Abdul Allawi, confirmed that Iraq internationally maintained its credit rating at B, with an emphasis on financial and economic stability, according to the international agency Standard and Poor's S&P.
The media office of the Minister of Finance stated, in a statement received, Iraqi Life, that “Allawi participated in a dialogue session to discuss the economic and financial developments and the credit rating of Iraq via video conference, which included experts and specialists from the ministries of finance and oil and representatives of the Central Bank.”
The statement added, "During the dialogue, they discussed the economic and financial developments and the credit rating of Iraq and the factors that contributed to maintaining the credit rating at -𝗕 degree and the emphasis on financial and economic stability, according to S&P Standard and Poor's agency."
Allawi said, "The change of the exchange rate contributed to relieving pressure on foreign reserves and strengthened the ability of the Ministry of Finance to provide domestic financing and recovering crude oil prices at the beginning of 2021 compared to what they were in 2020.
The statement continued: "The stable future outlook for the Iraqi economy was also discussed, which came to reflect the continuation of foreign currency reserves at a level that increases the external public debt service and Iraq's ability to pay off its external debt obligations over the next (12) months."
It is worth noting that, since the outbreak of the Corona pandemic, S&P, Standard & Poor's Agency, has taken decisions to reduce the rating from stable to negative for more than 80 cases around the world.

[yota691]

Iraq maintains its credit rating

Monday 01st March 2021 52

 

 

 Baghdad: Morning

 

Iraq has maintained its credit rating at B-degree and with a stable outlook issued by the international rating agency Standard & Poor's at a time when the agency, and since the outbreak of the Corona pandemic, has taken decisions to reduce the rating from stable to negative for more than 80 countries around the world.

According to the Ministry of Finance, "the stable outlook for the Iraqi economy came to reflect the continuation of foreign currency reserves at a level that increases the external public debt service, and Iraq's ability to pay off its external debt obligations over the next (12) months."

The credit rating or creditworthiness is a degree that shows the ability of a country or an institution to pay its debts, and a weak rating means that there is a possibility that the debtor will not be able to fulfill his obligations, while a high rating means the ability of the state or institution to fulfill its obligations, and a high rating makes it easier for governments and companies to obtain On financing and loans, whether from the internal or external markets. 

The classification process is carried out by 3 international institutions, namely Fitch, Standard & Poor's and Fitch, based on complex economic and accounting criteria, the most important of which are profitability, assets or assets, and financial flows.

The Ministry of Finance had stated in a statement that its Minister Ali Allawi participated in a panel discussion to discuss the economic and financial developments and the credit rating of Iraq, via video conference, which included experts and specialists from the ministries of finance and oil and representatives of the Central Bank.

She added that during the dialogue, economic and financial developments and the credit rating of Iraq were discussed and the factors that contributed to maintaining the credit rating at B-degree, and the emphasis on financial and economic stability, according to Standard and Poor's (S&P), as well as the contribution of changing the exchange rate to alleviate pressure on Foreign reserves and strengthened the ability of the Ministry of Finance to provide domestic financing, and the recovery of crude oil prices at the beginning of 2021 compared to what they were in 

The year is 2020.