Global confusion in the classification of Iraqi bonds worth $ 6 billion

Since 08/24/2015 At 15:35 (GMT Baghdad)

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Sources in the British financial district, said on Monday, that the credit rating institutions perplexed in the evaluation of these bonds in light of the unstable political conditions experienced by Iraq and the organization of Daash control over a large part of its territory.

According to the bulletin, "City AMD" Iraq plans to issue international bonds worth $ 6 billion, and will assume all of the banks, "Citigroup" and "JP Morgan" Americans, in addition to the bank, "Deutsche Bank" German bonds and marketing management globally. "

Sources in the financial district and predicted that "the rating agencies are dealing with these bonds as" junk bonds ", the center of political risk experienced by Iraq."

The sources confirmed that "Fitch American Foundation for the debt is the only institution that has developed rated sovereign Iraq in the recent period, where my rating awarded Iraq The Iraqi government had borrowed $ 833 million recently from the International Monetary Fund" .

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