Standard & Poor’s confirms Iraq’s credit rating at B- / B … with a stable outlook

 

 

External – Saturday, 26 August 2017, 12:21 p / 434 views

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|(Reuters) Standard & Poor’s on Friday confirmed Iraq’s credit rating at B- / B with a stable outlook, but predicted a cut in oil production would affect economic growth in 2017. The credit rating agency attributed a stable outlook to expectations of continued budget control efforts in the next few years. Standard & Poor’s said the rating received support from Iraqi oil production being concentrated in areas under the firm control of the federal government.

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