Standard & Poor's confirms Iraq's credit rating

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Standard & Poor's confirms Iraq's credit rating

Post  Admin on Sat Aug 26, 2017 11:45 am

Standard & Poor's confirmed on Friday its credit rating for Iraq at B- / B with a stable outlook, but expected oil production cuts to affect economic growth in 2017.

The credit ratings agency attributed a stable outlook to expectations of continued budget control efforts in the next few years.

Standard & Poor's said the rating received support from Iraqi oil production concentrated in areas under the firm control of the federal government.


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