"Fitch" adjusts the outlook for Iraq from stable to negative
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
"Fitch" adjusts the outlook for Iraq from stable to negative
"Fitch" adjusts the outlook for Iraq from stable to negative
04/16/2020

Shafaq News / Fitch news agency announced, on Thursday, that the credit rating of Iraq will be fixed at "B-" while adjusting the outlook from stable to negative.
And the "Fitch" credit rating, in a report, said that political risks are still a basic constraint on the classification of Iraq, along with the economic repercussions of the outbreak of the Corona virus.
Iraq obtained the lowest rank among all the countries ranked by the agency, in the World Bank's Composite Management Index, which reflects the extent of corruption, government inefficiency and weak institutions, along with insecurity and political instability.
The agency expected that the external finance of Iraq would deteriorate sharply, with the current account deficit falling to 16 percent and 6 percent of GDP in 2020 and 2021.
According to the report, forecasts indicate that the country's international reserves (including gold) will drop to $ 25 billion by the end of 2021, a drop of more than $ 40 billion over two years.
He continued: "The classification of Iraq was affected by the risks associated with the continuing tensions between the United States and Iran, large-scale protests, and greater fragmentation among political groups, to undermine the effectiveness of the government over the past year."
He pointed out that the confirmation of the classification is due to the current high level of international reserves for Iraq, and low debt service obligations and international financial support.
And the reserves of Iraq reached 66.7 billion dollars at the end of 2019 (8 months of current external payments), then it decreased to 62.9 billion dollars at the end of February, with more severe declines expected from March onwards.
https://www.shafaaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%81%D9%8A%D8%AA%D8%B4-%D8%AA%D8%B9%D8%AF%D9%84-%D8%A7%D9%84%D9%86%D8%B8%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%85%D9%86-%D9%85%D8%B3%D8%AA%D9%82%D8%B1%D8%A9-%D8%A5%D9%84%D9%89-%D8%B3%D9%84%D8%A8%D9%8A%D8%A9/
claud39- VIP NewsHound
- Posts : 18368
Join date : 2018-11-04
With its reserves declining, Iraq at the bottom of the list of "negative" countries in the credit ratings
[size=41]With its reserves declining, Iraq at the bottom of the list of "negative" countries in the credit ratings[/size]
2020-04-17

Follow Iraq:
"Fitch" credit rating agency issued its periodic credit report to countries of the world, as it confirmed the credit rating of Iraq at "B-" with a modified outlook from stable to negative.
And, "Fitch" in her report, followed by "Iraq," that "political risks remain a major constraint on the classification of Iraq, along with the economic repercussions of the outbreak of the Corona virus."
And Iraq ranked 34th, the lowest among all the countries ranked by the agency, in the World Bank management index, which reflects the extent of corruption, government inefficiency and weak institutions, along with insecurity and political instability.
The agency expected that "the external finance of Iraq will deteriorate sharply, with the current account deficit falling to 16%, and 6% of GDP, in 2020 and 2021."
According to the report, the forecasts indicate "the decline in the country's international reserves (including gold) to 25 billion dollars by the end of 2021, which is a decrease of more than 40 billion dollars over two years," adding that "the classification of Iraq was affected by the risks associated with the continuing tensions between the states The United States and Iran, widespread protests, and greater fragmentation among political groups, as this undermined the government's effectiveness over the past year. ”
He pointed out that "confirmation of the classification is due to the current high level of international reserves for Iraq, and low debt service obligations and international financial support."
And the reserves of Iraq reached 66.7 billion dollars at the end of 2019 (8 months of current foreign payments), then it decreased to 62.9 billion dollars at the end of last February, with sharper declines expected from March onwards.
https://yesiraq.com/%D9%85%D8%B9-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D8%A7%D8%AA%D9%87-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AA%D8%B0%D9%8A%D9%84-%D9%82%D8%A7%D8%A6%D9%85%D8%A9/
2020-04-17

Follow Iraq:
"Fitch" credit rating agency issued its periodic credit report to countries of the world, as it confirmed the credit rating of Iraq at "B-" with a modified outlook from stable to negative.
And, "Fitch" in her report, followed by "Iraq," that "political risks remain a major constraint on the classification of Iraq, along with the economic repercussions of the outbreak of the Corona virus."
And Iraq ranked 34th, the lowest among all the countries ranked by the agency, in the World Bank management index, which reflects the extent of corruption, government inefficiency and weak institutions, along with insecurity and political instability.
The agency expected that "the external finance of Iraq will deteriorate sharply, with the current account deficit falling to 16%, and 6% of GDP, in 2020 and 2021."
According to the report, the forecasts indicate "the decline in the country's international reserves (including gold) to 25 billion dollars by the end of 2021, which is a decrease of more than 40 billion dollars over two years," adding that "the classification of Iraq was affected by the risks associated with the continuing tensions between the states The United States and Iran, widespread protests, and greater fragmentation among political groups, as this undermined the government's effectiveness over the past year. ”
He pointed out that "confirmation of the classification is due to the current high level of international reserves for Iraq, and low debt service obligations and international financial support."
And the reserves of Iraq reached 66.7 billion dollars at the end of 2019 (8 months of current foreign payments), then it decreased to 62.9 billion dollars at the end of last February, with sharper declines expected from March onwards.
https://yesiraq.com/%D9%85%D8%B9-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D8%A7%D8%AA%D9%87-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AA%D8%B0%D9%8A%D9%84-%D9%82%D8%A7%D8%A6%D9%85%D8%A9/
claud39- VIP NewsHound
- Posts : 18368
Join date : 2018-11-04

» Fitch Iraq awarded B rating outlook stable outlook
» Fitch Revises Outlook on Iraq to Stable; Affirms at ‘B-‘
» Fitch revises Iraq's outlook at stable with IDR at "-B"
» Fitch Revises Outlook on Iraq to Stable; Affirms at ‘B-‘
» Fitch maintains Iraq's rating with a stable outlook
» Fitch Revises Outlook on Iraq to Stable; Affirms at ‘B-‘
» Fitch revises Iraq's outlook at stable with IDR at "-B"
» Fitch Revises Outlook on Iraq to Stable; Affirms at ‘B-‘
» Fitch maintains Iraq's rating with a stable outlook
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Fitch announces the credit rating of Iraqi Islamic banks
» Parliamentary Finance: Write a paragraph to cancel payroll deductions in the budget
» After an agreement to invest $27 billion in energy, France's Total withdraws from Iraq
» WHY IS ANYONE SPEAKING ABOUT THE MASTER'S TRUST WHEN IT IS A SCAM!?!?!?!
» CBI sold +1.3$ billion in forex last week
» Iraq paralysed by government stand-off as Moqtada al-Sadr unleashes protest
» Introducing myself...
» Nearly two years after launching the White Paper, what are the achievements?
» USD/IQD rate closes slightly lower in Baghdad
» CBI sells +240$ million in forex on Sunday
» Iraq without a budget for 2022
» Al-Nusairi: The Central Bank’s initiatives to revitalize the economy amounted to 18 trillion dinars and achieved their goals
» A new talk from Al-Kazemi's advisor regarding the budget
» The assets of the International Development Bank rise to 1.5 trillion dinars
» CBI sells +260$ million in forex on Sunday
» New member
» USD/IQD exchange rates inch up in Baghdad on Saturday
» The Central Bank: We supported the economic sector with 18 trillion dinars
» The Central Bank sets the goal of its call to establish a sovereign fund
» Al-Maliki's leaks: a political boom looms over the Iraqi arena
» The Central Bank of Kuwait allows applications to establish digital banks
» Including Iraq ... the price of bitcoin in Arab currencies
» Adelaide, South Australia Redemption?
» Countdown to US implosion begins after failure of Biden Mid-East trip
» What distractions are in "The Dinar RV"...How many wild goose chases did you fall for?
» After slashing four zeros, Iran releases new banknotes
» Presidential elections: no PUK-KDP agreement yet
» Al-Maliki: PMF members are "a whole nation of Jihadists"
» MP warns of strife following al-Maliki's leaked recordings
» USD/IQD closes slightly higher in Baghdad
» Iraq proposes the establishment of the Middle East Bank for Development and Integration
» Al-Kazemi: World Bank indicators confirm that Iraq has passed the economic crisis in a very short time
» Some of them are negative.. 4 effects of the decline of the euro on the Iraqi economy
» The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance
» Our economy and stagflation in the global economy
» Experts: Turkey is preparing to cut 56 percent of the Tigris supply by building the Jazra Dam
» Al-Nusairi: Sustainable development in Iraq is achieved by strategic economic agreements with brotherly and friendly countries
» Euro reaches parity with dollar for the first time in 20 years
» Forex-US dollar notches in Baghdad