Fitch confirms its credit ratings for Iraq with a stable outlook


Editorial Date: 2017/12/6 19:54 • 9 times read
[Ayn-
Fitch ] Fitch Ratings maintained its Iraq rating at “B-” with a stable outlook.
The agency also confirmed its long-term foreign currency debt default rating at “B-” with a stable outlook.
Fitch predicted Iraq’s oil production and exports would stabilize at high levels in 2018 and assume that the government would allocate similar amounts in the budget to pay the money owed to international oil companies.
She said Iraq’s implementation of a three-year loan agreement with the International Monetary Fund was different and slower than planned.
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