Iraq get a credit rating attracts investment
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Iraq get a credit rating attracts investment
Admin Sun Aug 30, 2015 10:16 am
8/30/2015 0:00
Researcher: investment companies were not to invoke his presence
BAGHDAD Mustafa al-Hashemi
Represents Iraq for a sovereign rating was officially the first steps in the way of attracting foreign investment to enhance the infrastructure and the promotion of economic reality, as the investment companies were ndash; according to Mtabaan- taken from Iraq's failure to get the sovereign rating as a pretext prevented or hindered from investing in spite of the facilities created by the Act Investment 13 of 2006.
Known credit rating GCR an acronym for (global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of lenders, or in other words, the risk of non-payment of lender (issuer) to meet its obligations (loan value and benefits) of the borrower (bond holder). And is rated the world's credit rating ladder consists of four grades are A, B, C and D as well as variables that represent signal the + or - different Petkrarat.
The Fitch International Foundation has awarded Iraq a few weeks ago the first sovereign credit rating has versions which is sought by the country before his intention to issue international bonds worth five billion dollars, it aims to ease the pressure drop in oil prices on the budget
General.
In this context, he said economic researcher Maha Ihsan thanked the positive impact that will impact on the economy after obtaining the credit rating degree B- from the international rating agency Fitch through constructive support and reconstruction in Iraq by increasing presence of foreign investment companies which attracted the presence of classification, even if weak degree.
The researcher noted in an interview for »Sabah» that Iraq is suffering now terror gangs (Daash) significant decline in oil prices, which has seriously damaged in the budget of the country as well as investment projects in a number of provinces and that was reliable so much in promoting economic development has stopped.
Economists believe that Iraq get a sovereign rating was low and that it is better than not having any degree of classification because the lack of a degree classification means that the country is one of the areas no investment even if high-risk.
And it chose B_ Fitch rating with a stable outlook for Iraq which is less than six degrees from investment grade (AAA or A +++) attributed it to political risk and poor security, which said it is one of the most serious risks faced by any entity It has a sovereign credit rated by Fitch.
She returned researcher of thanks to say that one of the main obstacles that were facing investment companies may still leaving only the security situation improves, especially that there are sweeping reforms put forward by the government to fight corruption campaign, to go away all the excuses invoked by those companies, including the subject of credit rating.
Was of the view that the economic potential of the Iraq, including that the owner of the fifth-largest oil reserves in the world what it takes to become the country an attractive investment for a large number of investors.
He noted that thanks to these low-class classification can be modified in the near future if the government urged a rapid pace in the way of reforms and resolving the energy problem, which is an important factor in raising the level of GDP and activate the various productive sectors.
Most of the governments and countries, companies or funders seeking to obtain credit rating so as to allow her access to finance that you want through local markets or external reason to urge the pace for the highest degree of classification between the countries of the world to improve the economic reputation and the development of the joints of the various productive sectors, to assure the countries wishing investment that sound economic structure and environment are valid, as well as the credit rating reduces the cost of borrowing when the state needed to decode the financial debt Achtnaqatha
The outside.
The economic expert, Dr. appearance of Mohammed Saleh had earlier predicted to be classified Iraq credit probably at a B returned him a good indication of the reason for optimism, pointing out (morning) at the time that: this place in the classification established by the severity of the demand for the purchase of Iraqi bonds sold In global markets, amounting to $ 2.7 billion annual interest rate steady at 5.8 percent Stressing that the presence of a credit rating, though low, is better than no rating basically.
http://www.alsabaah.iq/ArticleShow.aspx?ID=99005
Researcher: investment companies were not to invoke his presence
BAGHDAD Mustafa al-Hashemi
Represents Iraq for a sovereign rating was officially the first steps in the way of attracting foreign investment to enhance the infrastructure and the promotion of economic reality, as the investment companies were ndash; according to Mtabaan- taken from Iraq's failure to get the sovereign rating as a pretext prevented or hindered from investing in spite of the facilities created by the Act Investment 13 of 2006.
Known credit rating GCR an acronym for (global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of lenders, or in other words, the risk of non-payment of lender (issuer) to meet its obligations (loan value and benefits) of the borrower (bond holder). And is rated the world's credit rating ladder consists of four grades are A, B, C and D as well as variables that represent signal the + or - different Petkrarat.
The Fitch International Foundation has awarded Iraq a few weeks ago the first sovereign credit rating has versions which is sought by the country before his intention to issue international bonds worth five billion dollars, it aims to ease the pressure drop in oil prices on the budget
General.
In this context, he said economic researcher Maha Ihsan thanked the positive impact that will impact on the economy after obtaining the credit rating degree B- from the international rating agency Fitch through constructive support and reconstruction in Iraq by increasing presence of foreign investment companies which attracted the presence of classification, even if weak degree.
The researcher noted in an interview for »Sabah» that Iraq is suffering now terror gangs (Daash) significant decline in oil prices, which has seriously damaged in the budget of the country as well as investment projects in a number of provinces and that was reliable so much in promoting economic development has stopped.
Economists believe that Iraq get a sovereign rating was low and that it is better than not having any degree of classification because the lack of a degree classification means that the country is one of the areas no investment even if high-risk.
And it chose B_ Fitch rating with a stable outlook for Iraq which is less than six degrees from investment grade (AAA or A +++) attributed it to political risk and poor security, which said it is one of the most serious risks faced by any entity It has a sovereign credit rated by Fitch.
She returned researcher of thanks to say that one of the main obstacles that were facing investment companies may still leaving only the security situation improves, especially that there are sweeping reforms put forward by the government to fight corruption campaign, to go away all the excuses invoked by those companies, including the subject of credit rating.
Was of the view that the economic potential of the Iraq, including that the owner of the fifth-largest oil reserves in the world what it takes to become the country an attractive investment for a large number of investors.
He noted that thanks to these low-class classification can be modified in the near future if the government urged a rapid pace in the way of reforms and resolving the energy problem, which is an important factor in raising the level of GDP and activate the various productive sectors.
Most of the governments and countries, companies or funders seeking to obtain credit rating so as to allow her access to finance that you want through local markets or external reason to urge the pace for the highest degree of classification between the countries of the world to improve the economic reputation and the development of the joints of the various productive sectors, to assure the countries wishing investment that sound economic structure and environment are valid, as well as the credit rating reduces the cost of borrowing when the state needed to decode the financial debt Achtnaqatha
The outside.
The economic expert, Dr. appearance of Mohammed Saleh had earlier predicted to be classified Iraq credit probably at a B returned him a good indication of the reason for optimism, pointing out (morning) at the time that: this place in the classification established by the severity of the demand for the purchase of Iraqi bonds sold In global markets, amounting to $ 2.7 billion annual interest rate steady at 5.8 percent Stressing that the presence of a credit rating, though low, is better than no rating basically.
http://www.alsabaah.iq/ArticleShow.aspx?ID=99005
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