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BGG says It isn't nearly the rating Iraq was dreaming about...

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BGG says It isn't nearly the rating Iraq was dreaming about... Empty BGG says It isn't nearly the rating Iraq was dreaming about...

Post by Ponee Fri Aug 07, 2015 6:12 pm

BGG


big news day yesterday ...Credit rating was big.  It isn't nearly the rating Iraq was dreaming about...

Get rid of the corruption - enough with the BS and get their country moving the world WILL RESPOND...also - it's making Abadi face the reality of his situation. 

I am really hopeful Abadi gets the gravity and moves things ahead.



  BREAKING NEWS!! Fitch gives Iraq its first credit rating!!  The ratings agency has given the country a stable outlook and a B- rating...

This is just a credit rating – however… I really like this line…“Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…”

 The credit rating allows them to sell international bonds. On the other hand, it is a “double edged sword”… they can sell – but not for a premium (at that credit level)…which puts more pressure on Abadi to come up with other revenue. He’s having to face reality.  Maliki has to go – Alak has to go… the CBI has to “pony up…”


SEE THE ARTICLES HERE -- https://www.dinardaily.net/t45838-important-fitch-assigns-iraqs-first-rating-at-b-stable#250004


Last edited by Ponee on Sat Aug 08, 2015 7:39 pm; edited 1 time in total

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BGG says It isn't nearly the rating Iraq was dreaming about... Empty Re: BGG says It isn't nearly the rating Iraq was dreaming about...

Post by Kevind53 Fri Aug 07, 2015 10:53 pm

A B- rating is not considered investment grade. Anything lower than a B+ rating is considered to be junk bonds. The stable term means it is not expected to get worse, but neither is it expected to get better.

Leave it to BGG and the other pooroos to leave out those small but pertinent facts.

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Post by RoyBoy Sat Aug 08, 2015 5:45 pm

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