Here is the credit rating from Fitch

American Organization: The Iraqi economy is facing the risk of failure and we expect double-digit fiscal deficit




07/08/2015 21:21



Long-Presse / Baghdad

Suggested American organization for classification and evaluation of statistical, Friday, Iraq's exposure to the risk of failure and degradation due to mismanagement, as shown that the political risk and the lack of security is the highest degree of threat, projected fiscal deficit double to Iraq during the current year due to falling oil and military spending rates.

Organization of American Fitch Fitch said the rating and evaluation Alhsaia in its first assessment of Iraq that "Iraq is exposed to the risk of failure and deterioration for reasons of insecurity and financial difficulties as well as mismanagement and taking him in the box (B minus B-).

Organization Fitch added that "political risk and insecurity are among the highest degree of threat faced by countries that value the Organization of Fitch," pointing out that "Iraq classification in block B being according to the perspective of a stable future."

Organization showed that "all classifications B indicates the gravity of the case of failure and deterioration of the list."

Organization Fitch also followed as "predicts a deficit multiplier for Iraq during this year due to falling oil prices and rising military spending and costs associated with fighting the circle rates in the country," indicating that "the debt will reach 51% of gross domestic product rate by the end of the year 2015".

Iraq relies almost entirely on oil to get the money, where it says that Fitch Organization and Iraq's non-oil imports accounted for only 9% of the total domestic product last year, predicting that the situation is getting worse by the year 2015

The Organization showed that "Iraq also scored the worst evaluations with respect to the administration of the countries of the index, according to the World Bank, where he not only insecurity and cause deterioration in Iraq's political stability, but also corruption and government incompetence and weak institutions as well."

And Iraq is still battling against al Daash which controls large areas of the country amid the deterioration of oil prices, which depends completely on its economy.

The inadequate funding has resulted in deteriorating services increased it worse spark sparking widespread protests in the country in which the political class protesters accuse of incompetence and corruption.


http://www.almadapress.com/ar/news/53271/منظمة-اميركية--الاقتصاد-العراقي-يوا

Fitch Iraq begin to cover the classification of B- / stable

Friday 07 August 2015
| 16:07


The most prominent in the news

Fitch stressed that "Iraq's dependence on the initial of the highest levels among the countries covered by the ratings agency goods level"


Fitch credit rating begins Iraq cover the classification of B- with a stable outlook. Agency indicated that political risk and security instability in Iraq levels of the highest levels among the country classified by Fitch, pointing out that it expects double-digit deficit in the budget of Iraq in 2015 because of falling oil prices and rising military expenditures and the costs associated with the conflict.

Fitch stressed that "Iraq's dependence on the initial of the highest levels among the countries covered by the ratings agency goods level," pointing out that "economic policy in Iraq Limited tools are difficult to face the volatility of oil prices."


http://www.alqurtasnews.com/news/116302/فيتش-تبدأ-تغطية-العراق-بتصنيف-b-مستقرة

Iraq receives his first credit rating ahead of a planned bond issue

Friday 07-08-2015 | 9:59:30
Iraqi dinar - XYZ
Iraqi dinar - XYZ

Twilight News Iraq / got his first sovereign credit rating for the versions on Friday which sought to him ahead of a planned issuance of international bonds worth five billion dollars, it aims to ease the pressure drop in oil prices on public finances of the state.

And it chose Fitch rating B_ with a stable outlook for Iraq which is less than six degrees from investment grade and attributed it to political risks and the lack of security, which said it is one of the most serious risks faced by any sovereign entity receives Atimanaa rated by Fitch.

Fitch also forecast a deficit in dozens of public finances box of Iraq in 2015 because of falling oil prices and increased military spending and costs associated with efforts to fight al Daash in the north and west of the country, as reported by Reuters.

He said Finance Minister Hoshyar Zebari earlier this year that Iraq plans to sell international bonds for the first time in nine years. This could help get a credit rating to convince global investment funds and bank managers to buy bonds.

He said Haitham al-Jubouri member of the Finance Committee in the Iraqi Parliament that the low rating "does not meet the ambitions" but might be considered a starting point for financial Tnmbh.

Jubouri said, "It encourages us to start taking serious steps to reform the Iraqi banking sector and send a strong message to investors and improve our own future economic and financial outlook."

In a move towards increasing investor confidence the World Bank said last month that he would provide loans to Iraq a total value of $ 1.7 billion and the International Monetary Fund reached an agreement earlier in the loan program worth $ 833 million.

Being the owner of the fifth-largest oil reserves in the world can be for Iraq to become an attractive investment for some investors. Oil contributes 40 percent of gross domestic product of Iraq and more than 90 percent of the public finances and the external current transactions revenue.

Said Fitch Ratings said in a statement that "the low production costs. Most of the facilities and infrastructure for the production of oil infrastructure is far from safe areas inside. "

And it will contribute to the recovery of oil prices in improving public financial situation of the government. Fitch expects a slight deficit by 2017.

http://www.ara.shafaaq.com/22654

08/08/2015 (00:01 pm)

Fitch international credit rating: Iraq economic policy can not cope with the volatility of oil prices


Reuters

Fitch credit rating began to Iraq to cover the classification of "B-" with a stable outlook, pointing out that political instability and security risks in the country's levels of the highest levels among the country classified by the agency.

She added, "Fitch" it expects double-digit deficit in the budget of Iraq in 2015 because of falling oil prices and rising military expenditures and the costs associated with Babaa.oohart that Iraq's dependence on the initial of the highest levels among the countries covered by the ratings agency goods level.

She said the "economic policy in Iraq Limited tools are difficult to face the volatility of oil prices." Iraqi state and relies on building the annual financial budget by about 90% on imports of oil source, The decline in crude prices since the middle of last year to a significant decline in Iraq's resources as its budget in 2015 amounted to about $ 100 billion with a deficit expected up to 25%.


http://www.almadapaper.net/ar/news/492951/وكالة-فيتش-الدولية-للتصنيف-الائتماني-سيا