Standard & Poor 's credit rating to prove Iraq when (B- / B)

Saturday 27 August 2016 14:13

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Alsumaria News / Baghdad

Developed a financial services company Standard & Poor's, Saturday, its credit rating for Iraq when (B- / B) with a stable outlook.

Reuters reported, citing the company's outlook to stable expectations that include a large deficit in the budget and balance of foreign transactions will be possible to finance, and also contain the conflict with al "Daesh."

Standard & Poor's predicted that the real GDP growth for Iraq will fall to less than 2 percent in 2017 to 2019 levels due to the negative effects of the consolidation of fiscal policies and local demand is weak.


The Standard & Poor's (S & P) is a financial services company based in the United States. A subsidiary of The McGraw-Hill Companies firms which publishes financial research and analysis on stocks and bonds. And has a well-known Bmahratha in the stock market, the US S & P 500 and S & P / ASX 200 and the Australian S & P / TSX and the Canadian S & P / MIB Italian, Indian S & P CNX Nifty. It is also one of the credit rating agencies Big Three, which also includes the classification of both Moody's and Fitch Group.


http://www.alsumaria.tv/news/177864/ستاندرد-أند-بورز-تثبت-تصنيفها-الائتماني/ar

Iraq | Credit Rating
Standard & Poor's credit rating for Iraq stands at B- with stable outlook. Fitch's credit rating for Iraq was last reported at B- with negative outlook. . In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Iraq thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Iraq as reported by major credit rating agencies. 8/27/2016

Agency Rating Outlook Date
TE 25 STABLE Apr 16 2016
Fitch B- Negative Mar 03 2016
S&P B- Stable Sep 03 2015
Fitch B- Stable Aug 07 2015


http://www.tradingeconomics.com/iraq/rating

I have done some extensive research on the different Credit rating companies and No Where did I find anything on Moody's credit rating! Hmmmmm

Poor's put the Iraqi economy when bisect (B- / B) with a stable outlook
Written by Economic news editor
Date: August 28, 2016
In: money , today 's economy , News Ticker
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Announced a global American institution for research and economic analysis, on Saturday, for keeping Iraq 's credit rating at a level of (B- and B) term and short straight Medellin, likely to be able to defeat (Daesh), and to achieve "financial stability" through funding and increased oil production to four million and 400 thousand barrels per day by the year 2019.

The Standard & Poor 's Corporation S & P US financial rating and the issuance of economic research and analysis, in a statement today, seen by "NEN Iraq", it was "granted Iraq rating (B-) for the long term with the classification (B) for the short term in a row , " noting that it "regards credit rating of effective foreign and local currency for Iraq with its forecast obtaining unexpected financial stability with the termination or receding battles against Daesh."

According to the agency, that " the financial stability in Iraq forecasts reflect the expectation that he could bridge the huge fiscal deficit its budget from the local currency and hard through funding," he expected that "Iraq is unable to contain his battle with Daesh."

The merged American institution, its outlook to "an increase in Iraqi oil production and exports by the year 2019 to four million and 400 thousand barrels per day, and three million and 600 thousand barrels per day, respectively, with the direction of the International Monetary Fund program to achieve a gradual financial settlement in the country."

The appearance of Mohammed Saleh, financial advisor to the prime minister, Haidar al - Abadi, said in an interview to the (long - Presse), in (24th of August now 2016), for a new round of talks between Iraq and the International Monetary Fund early next September, while stressing that they It will focus on the special standby credit arrangements with a loan five billion and $ 300 million, to support the budget, and what has been implemented economic reforms and fiscal governance, favored the possibility of taking the second and third installments of the loan amounting to fund about two billion dollars this year - end 2016.

The Standard & Poor 's , which is one of the largest international credit rating agencies, has proven through March 2016, its credit rating for Iraq at B- / B, usually the country 's growth "will remain unchanged" in the medium term because of soaring oil produced, which will ease budget pressures.

The credit rating is the opinion of rating agency in evaluating the solvency and the desire to solvency for the issuer of securities to meet current and future financial obligations in full and on time. And it relies heavily on the degree of credit rating awarded by the rating agencies, especially governments and financial institutions banking in predicting the risk of non - payment to occur based on quantitative and qualitative criteria, as capital markets have become sensitive to credit ratings issued by rating agencies concerned, so that they affect the ability of companies and countries on access to international capital markets and obtain the required funding, and in addition to that, the absence of sufficient information to make an investment decision to buy exporting financial instruments, pays the investor to resort to credit rating to measure the financial ability of the risks of the debtor to meet its financial obligations level. The rating change affects bonds issued in prices in the stock markets.

The use of credit rating agencies Global alphabetic letters to indicate the credit quality, which fall under two types of credit risk level, are:

Investment grade Investment Grade: an indicator of lower credit risk score, take the icons (Baa, A, Aa, Aaa ) and so for Moody 's , and symbols (A, AA, AAA, BBB ) for my agency Standard & Poor 's and Fitch Ratings. • the degree of speculative Speculative Grade: an indicator of the high credit risk score, take the icons (C, Ca, Caa, B , Ba) for Moody 's , and symbols (C, CC, CCC, B , BB) for my agency Standard & Poor 's and Fitch Ratings.

It adds credit rating agencies figures or signs to the right degree of classification to indicate the credit quality within each grade, where adds Moody 's figures for credit ratings from Aa to Caa are 1, 2 or 3 level, and indicates the number 1 to the upper end part of the degree classification, figure 2 on the mid - grade rating, and the number 3 to the lower end part of the degree classification. While it adds Kalta Standard & Poor 's and Fitch Ratings + or - to credit ratings from AA to B to express their credit quality , including the level.


http://neniraq.com/بورز-تضع-الاقتصاد-العراقي-عند-تنصيف-b-b/

Installing the degree of Iraq's credit rating at B / -B


8/28/2016 0:00

BAGHDAD follow Mustafa al-Hashemi
And proven global credit rating agency Standard & Poor's, on Saturday, its credit rating for Iraq when (B- / B) with a stable outlook.

Experts believe that this class is very close to the economic reality of Iraq under the circumstances witnessed by the decline in oil prices and the war on «Daesh» terrorist.

The Economic academic Dr. Majid Baidhani the view of the experts commented that this degree of classification longer acceptable and good compared to what Iraq is going through as well as it was the first grade credit rating obtained by Iraq in the economic history since September of last year, indicating that this class it possible to upgrade them when the stability of the general situation in Iraq and reach out at grade A or even + A with a positive outlook and stable.

Reuters reported, citing the company's outlook to stable expectations that include a large deficit in the budget and balance of foreign transactions will be possible to finance, and also contain the conflict with al «Daesh».

Standard & Poor's predicted that the real GDP growth for Iraq will fall to less than 2 percent in 2017 to 2019 levels due to the negative effects of the consolidation of fiscal policies and local demand is weak.

Agency Iraq and was awarded first grade credit rating in its history, beginning in September of 2015 after completing the procedures for obtaining the classification for being did not have the degree of credit rating because of the erroneous and absurd wars fought by the economic policies of the former regime against some neighboring countries.

The Standard & Poor's (S & P) is a financial services company based in the United States.

http://www.alsabaah.iq/ArticleShow.aspx?ID=122189