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S & P: We will lower Iraq's rating if there is an increase in debt

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S & P: We will lower Iraq's rating if there is an increase in debt

Post by RamblerNash on Sat Aug 25, 2018 10:51 am

S & P: We will lower Iraq's rating if there is an increase in debt

Standard & Poor's

Economy News Baghdad:

The credit rating agency Standard & Poor's confirmed its credit rating to Iraq at (B- / B) with a stable outlook .

She said the stable outlook reflected expectations that policy measures, under the IMF program, would contain risks to Iraq's fiscal performance .

The agency confirmed that it may reduce its rating to Iraq if there is a sharp increase in net government debt or debt service expenses .

The agency noted in its statement that it does not expect to raise its ratings for Iraq over the next 12 months, but it may do if improved political stability and security, along with public finances .

The government's debt to Iraq will increase over the next four years and the government budget deficit and current account will worsen, she said .


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