yota691 Posted February 26, 2021 Report Share Posted February 26, 2021 Ministry of Finance: Iraq internationally maintains its credit rating Time: 02/26/2021 15:18:55 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 3 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 26, 2021 Author Report Share Posted February 26, 2021 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 - 6 2 Quote Link to comment Share on other sites More sharing options...
Donziman Posted February 26, 2021 Report Share Posted February 26, 2021 Thanks yota. Seems like the slowing of the auction slowed down the stealing and helped their general financial health. Go RV.. 2 3 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted February 27, 2021 Report Share Posted February 27, 2021 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 3 3 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 27, 2021 Report Share Posted February 27, 2021 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 1 1 1 3 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 27, 2021 Report Share Posted February 27, 2021 Looks interesting to me that they’re talking about credit rating now. 3 3 Quote Link to comment Share on other sites More sharing options...
southbeach Posted February 27, 2021 Report Share Posted February 27, 2021 no hinting here either. straight out. 3 1 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted February 27, 2021 Report Share Posted February 27, 2021 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 1 2 5 3 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted February 27, 2021 Report Share Posted February 27, 2021 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 4 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted February 27, 2021 Report Share Posted February 27, 2021 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. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 27, 2021 Author Report Share Posted February 27, 2021 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." 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 27, 2021 Author Report Share Posted February 27, 2021 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. 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted March 1, 2021 Author Report Share Posted March 1, 2021 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. 1 2 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.