Iraq Banks Receives A Higher Rating Than Many US Banks.

[Luigi1]

here an article from Dinarland...

Iraq banks receives excellence in credit ratings.

Treat as a rumor.  Not verified.  Your opine.

 

 

TNT  via  Tishwash: 

ARTICLE: The National Bank of Iraq gets an advanced rating in Moody’s at B3 and Caa1 Moody’s credit rating agency announced the long- and short-term deposits rating of the National Bank of Iraq affiliated to the Capital Bank Group in local currency for the first time at B3 & the long & short-term deposits rating in foreign currency at Caa1, driven by the decision to raise the modified basic credit assessment of the bank (Baseline Credit Assessment) to caa2 from B3.  The agency also raised the long & short-term counterparty risk ratings to B3, with a stable outlook for all ratings on long-term deposits.  And taking into account the classification of long-term deposits in the local currency of the National Bank of Iraq, the basic credit rating is at Caa2 & two degrees of rise, which reflects the possibility of obtaining a high level of support from the parent company (Capital Bank of Jordan), which was rated B1 with a stable outlook and low support.  From the Iraqi government, according to Moody’s expectations.  Commenting on this rating, Daoud Al-Ghoul, CEO of Capital Bank Group, said: “This global rating reflects the strong financial position of the National Bank of Iraq & will support its directions for growth & prosperity by opening new horizons for cooperation with regional & international financial institutions.”