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The credit rating agency: Iraq faces the risk of a security level institutions
September 5, 2015
Baghdad
The credit rating agency "Standard & Poor's" has announced that it classifies the sovereign debt of Iraq and awarded him the degree of "B-" because of the conflict with the organization "Daash".
The agency said in a statement seen by the agency, "our economy" news that "Iraq is facing renewed risks to the security and institutional level", pointing out that these risks are "the highest among all sovereign countries being assessed, but Asimit because of its war with Daash".
The Agency also alluded to "the budget and external pressures resulting therefrom because of lower oil prices in the second half of last year."
Oil prices have fallen by more than half since the month of June 2014 and Asimit because of large-scale production of the Organization of Petroleum Exporting Countries "OPEC".
However, "S & P" pointed out that "Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area."
So it attached to the agency classified the prospect of a stable, saying that "the country's growth will remain steady in the medium term due to the significant rise in oil production, which will ease the pressure of the budget."
The agency "Fitch" credit rating issued early last August for the first time an assessment of Iraq and gave him the same degree "B-", the third global agency "Moody's" has not yet classified the religion of the country.
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September 5, 2015
Baghdad
The credit rating agency "Standard & Poor's" has announced that it classifies the sovereign debt of Iraq and awarded him the degree of "B-" because of the conflict with the organization "Daash".
The agency said in a statement seen by the agency, "our economy" news that "Iraq is facing renewed risks to the security and institutional level", pointing out that these risks are "the highest among all sovereign countries being assessed, but Asimit because of its war with Daash".
The Agency also alluded to "the budget and external pressures resulting therefrom because of lower oil prices in the second half of last year."
Oil prices have fallen by more than half since the month of June 2014 and Asimit because of large-scale production of the Organization of Petroleum Exporting Countries "OPEC".
However, "S & P" pointed out that "Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area."
So it attached to the agency classified the prospect of a stable, saying that "the country's growth will remain steady in the medium term due to the significant rise in oil production, which will ease the pressure of the budget."
The agency "Fitch" credit rating issued early last August for the first time an assessment of Iraq and gave him the same degree "B-", the third global agency "Moody's" has not yet classified the religion of the country.
[You must be registered and logged in to see this link.]
