The global credit rating agency downgrades Iraq's sovereign because "Daash"

Saturday 5 September 2015 11:59


Alsumaria News / 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-", attributed the reason to the conflict with the organization "Daash" terrorist.

The agency said in a statement seen by Alsumaria News, he said that " Iraq is facing renewed risks to the security and the level of institutions ", pointing out that these risks are" the highest among all sovereign countries being evaluated, especially because of its war with al 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."

However, "S & P" indicated that Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area, so 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 of budget pressures.

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.

The "S & P" and summed up in English (S & P) is a financial services company based in the United States, which issued categorized league to measure the ability of the government or a company or an institution borrowed to meet its financial obligations to the lender, which means that this category is a certificate on the financial situation of the party concerned.


http://www.alsumaria.tv/news/145378/وكالة-تصنيف-ائتماني-عالمية-تخفض-تصنيف-ال/ar

Government adviser: rating agency Standard & Poor's credit rating unfairly


Author: Publisher on: September 5, 2015


BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - counting the appearance of Mohammed Saleh Economic Adviser to the Prime Minister Haider al-Abadi credit rating awarded by the US agency, "S & P" for Iraq unfair, noting that Iraq was contemplating getting a much higher degree classification.

And announced that the credit rating agency "Standard & Poor's" first on Thursday for granting Iraq degree "B-" in the global rating on the sovereign debt due to the ongoing strike of security as a result of the battles against Daash terrorist gangs.

Said Saleh's (IMN) The "issued by the credit rating agency Standard & Poor's unfair, and it is something of militancy, even though the country's cash-strapped and the war on terrorism."

Saleh pointed out that "Iraq is for the first time gets a credit rating, and this category Iraq confirms able to fulfill its financial debts," adding that it was expected that Iraq gets a rating of B + "".

And held a government delegation including the ministers of finance and planning and government consultants during the month of June, a series of meetings in the Turkish capital with three international banks and the Bretton Rodez and Fitch credit rating as a prelude to issue bonds worth $ 5 billion.


http://center-imn.net/1/?p=30540