Classified agency Standard & Poor's US financial services and credit rating, on Friday, Iraqi Finance bond strength rank B- weak, as shown that this category because of the vulnerability of Iraq to the risk of security and institutional impressive on the strength of its economy, the possibility of recovery of the Iraqi economy, supported by oil precautions confirmed. It said the US Agency for credit rating by the New York-based In a statement, I followed the (long-Presse), "The agency classified the Iraqi Finance bond strength rank B- any vulnerable to exposure Iraq to the risk of security and institutional, one of the factors affecting the strength of the economy in the country." . The statement added that "the rating B- means underinvestment bonds of hard currency and the country's vulnerability to economic environment critical oscillatory circuit with the continuation of the war with al Daash accompanied by a sharp decline in oil prices, which pose risks to investors as a whole."
The agency indicated that "overall economic activity in Iraq, which received a stable outlook from rating agency Standard & Poor's US, is expected to see a rise by 0.3% this year before making the most of up to 5% over the next three years, supported by the oil reserves huge for the country. "
US agency said that "these bright economic outlook is based on developments in the oil production increases, which it is estimated that it will reach a rate of 5 million barrels per day during 2018, compared to rates of total output last year, amounting to 3.1 million barrels per day."
US financial institution and he pointed out that "Indicators rating for Iraq constrained by the country waged war against al Daash, as well as political institutions that live initial stages of its development, as well as sectarian divisions between Shiite, Sunni and Kurdish ethnic groups."
American Foundation noted that "This category comes in conjunction with the development of the country's plans for economic officials to receive expected to attend in the first bond sale since investors in 2006 at a time when the government is trying to balance and strengthen its financial resources." SOURCE
US agency said that "these bright economic outlook is based on developments in the oil production increases, which it is estimated that it will reach a rate of 5 million barrels per day during 2018, compared to rates of total output last year, amounting to 3.1 million barrels per day."
US financial institution and he pointed out that "Indicators rating for Iraq constrained by the country waged war against al Daash, as well as political institutions that live initial stages of its development, as well as sectarian divisions between Shiite, Sunni and Kurdish ethnic groups."
American Foundation noted that "This category comes in conjunction with the development of the country's plans for economic officials to receive expected to attend in the first bond sale since investors in 2006 at a time when the government is trying to balance and strengthen its financial resources." SOURCE