Iraq automatically rated among the countries that have rated within Class B-

Saleh appearance: Iraq can be classified as credit through government bonds








 17/07/2013 12:00 AM


Warned of the dangers of global non-existence
 Baghdad - Mostafa Hashemi
 The presence of a credit rating of any country in the world better than the non-existence because it gives the degree adopted by the countries of the world to assess the country's economy for the purpose of investment and economic activities and other business.
And saw the financial and banking expert d. The appearance of Mohammed Saleh, it is possible a credit rating of the country through bonds sold in global markets because the presence of credit rating, though low, is better than no rating mainly because there is no rating confirms that the country is a threat to all countries in the world.
And is rated the world's credit ladder classification consists of 4 grades are A, B, C and D as well as variables that represent signal + or - and Petkrarat different. Saleh said in a statement to the (morning) that he must begin Iraq is now negotiating for the purpose Ranked credit.
And launched the first round of the Conference of Finance and Commerce in June of last year, the presence of the representative of the U.S. Department of Commerce Cameron F. Kerry, in addition to economic circles in Iraq, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as importance of Iraq that goes on in this category in order to give guarantees in investment opportunities and confidence to recover their capital.
The Fitch or Fitch classifies countries credit is an international institution recognized worldwide and is a subsidiary wholly owned by Hearst, which has in April 2012 to increase its stake in Fitch Group to 50 percent, which is one of three companies rated a major addition to Standard & Poor's and Moody's, the company has been founded by John Knowles Fitch in late 1913 in New York City as the Fitch Publishing, merged with IBCA Co., Ltd. is based in London in December 1997.
Saleh pointed out that although the negotiations began last year, but the Chapter VII represented the main obstacle in failing to give him credit rating as the country poses a threat to international peace and security.
He noted that Iraq is now out of Chapter VII of the UN Charter and moved to Chapter VI of it, which means it is now no longer poses a threat but on the contrary, he entered the phase of peace and development, noting that the credit rating not yet been determined, but - as I believe - in B-class and this is a good indicator
 He explained that the rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement. Added when sold bonds then sold at about 60 cents, then rose discount of up to 90 cents, and in this case became as if Iraq automatically rated among the countries that have rated within Class B-giving Iraq a good indicator in the presence of Chapter VII.
He stressed that Iraq would emerge from Chapter VII and the entry of foreign companies, in addition to the presence of high liquidity and political stability and the presence of the oil wealth, are all factors that will raise the credit rating of the degree of Iraq.

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Saleh appearance: Iraq can be classified as credit through government bonds

17/07/2013 12:00 AM

Warned of the dangers of global non-existence

Baghdad - Mostafa Hashemi

The presence of a credit rating of any country in the world better than the non-existence because it gives the degree adopted by the countries of the world to assess the country's economy for the purpose of investment and economic activities and other business.

And saw the financial and banking expert d. The appearance of Mohammed Saleh, it is possible a credit rating of the country through bonds sold in global markets because the presence of credit rating, though low, is better than no rating mainly because there is no rating confirms that the country is a threat to all countries in the world.

And is rated the world's credit ladder classification consists of 4 grades are A, B, C and D as well as variables that represent signal + or - and Petkrarat different. Saleh said in a statement to the (morning) that he must begin Iraq is now negotiating for the purpose Ranked credit.

And launched the first round of the Conference of Finance and Commerce in June of last year, the presence of the representative of the U.S. Department of Commerce Cameron F. Kerry, in addition to economic circles in Iraq, it was agreed during which Iraq to encourage investors to come to Iraq and classification of credit to be able to give credit for foreign investors, as well as importance of Iraq that goes on in this category in order to give guarantees in investment opportunities and confidence to recover their capital.

The Fitch or Fitch classifies countries credit is an international institution recognized worldwide and is a subsidiary wholly owned by Hearst, which has in April 2012 to increase its stake in Fitch Group to 50 percent, which is one of three companies rated a major addition to Standard & Poor's and Moody's, the company has been founded by John Knowles Fitch in late 1913 in New York City as the Fitch Publishing, merged with IBCA Co., Ltd. is based in London in December 1997.

Saleh pointed out that although the negotiations began last year, but the Chapter VII represented the main obstacle in failing to give him credit rating as the country poses a threat to international peace and security.

He noted that Iraq is now out of Chapter VII of the UN Charter and moved to Chapter VI of it, which means it is now no longer poses a threat but on the contrary, he entered the phase of peace and development, noting that the credit rating not yet been determined, but - as I believe - in B-class and this is a good indicator

He explained that the rating is through the public debt and the issuance of treasury transfers or government bonds, particularly in international markets, or those bonds that are sold outside of Iraq except for support and one Qaeidah Iraq in return for private-sector debt under the Paris Club agreement. Added when sold bonds then sold at about 60 cents, then rose discount of up to 90 cents, and in this case became as if Iraq automatically rated among the countries that have rated within Class B-giving Iraq a good indicator in the presence of Chapter VII.

He stressed that Iraq would emerge from Chapter VII and the entry of foreign companies, in addition to the presence of high liquidity and political stability and the presence of the oil wealth, are all factors that will raise the credit rating of the degree of Iraq.

[You must be registered and logged in to see this link.]