Standard & Poor reclassify Iraq to B with a stable outlook


Saw experts that this class is very close to the economic reality of Iraq under the circumstances witnessed by the decline in oil prices and the war on «Daesh» terrorist. The Economic academic Dr. Majid Baidhani the view of the experts commented that this degree of classification longer acceptable and good compared to what passes by Iraq , as well as it was the first grade credit rating obtained by Iraq in the economic history since September of last year, indicating that this class could be upgraded when the stability of the general situation in Iraq and reach out at grade A or even + A with outlook positive and stable . Reuters reported , citing the company said the outlook stable include expectations that a large budget deficit and balance of foreign transactions will be possible to finance, and also contain the conflict with al «Daesh». predicted the S & P that the real GDP growth of Iraq will fall to less than 2 levels percent in 2017-2019 due to the negative effects of the consolidation of fiscal policies and local demand is weak. the Agency was granted Iraq ‘s first grade credit rating in its history , beginning in September of 2015 after completing the procedures for obtaining the classification for being did not have the degree of credit rating because of the wrong wars absurd economic policies that have fought dictatorial regime against some neighboring countries.  the Standard & Poor ‘s (S & P) is a financial services company based in the United States.

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