Appearance: a trust over Iraq could be classified as governmental securities

Appearance: a trust over Iraq could be classified as governmental securities


18/07/2013 07: 07
A credit rating of any country in the world is better than the quality of that degree adopted by countries in the assessment of the country's economy for investment and other economic and trade activities.

The financial and banking expert Dr. Mohammad Saleh appearance that it is possible to classify the country credit line through bonds sold on world markets to a credit rating, though low, is better than no category mainly because lack of classification confirms that the country poses a threat to all States of the world.

The Nations of the world are classified by recognized credit rating consists of 4 grades are A, B, C and D to the variables that represent the signal + or – with different frequencies. Saleh said in a statement to (morning) that Iraq must start now to negotiate for credit ranking.

And launched the first round of financial and trade conference in June of last year, in the presence of a representative of the u.s. Department of Commerce Cameron of Kerry, adding to the economic circles in Iraq, during which Iraq agreed to encourage investors to come to Iraq and classified credit in order to be able to give credit to foreign investors, along with the importance of Iraq in this category goes to give guarantees on investment opportunities and confidence to recover their capital.

And Fitch, Fitch rating States credit an institution universally recognized international and is a wholly owned subsidiary of Hearst Corporation, which in April 2012 to increase its stake in Fitch Group to 50 percent, one of the three major rating companies by standard & poor's and Moody 's, the company was founded by John Knowles Fitch late in 1913 in New York City by the name of Fitch, and merged with the company IBCA Ltd based in London in December 1997.

Saleh noted that although negotiations began last year, but subject to Chapter VII were the main obstacle to not grant credit rating as it represents a threat to international peace and security.

He noted that Iraq now is out of Chapter VII of the Charter of the United Nations and go to chapter VI, which means that it is now no longer a threat but on the contrary it entered a phase of peace and development, noting that credit rating yet but, according to my perception-B class-this is a good indicator

The classification is through the public debt and the issuance of government bonds or Treasury remittances, particularly in international markets, those bonds sold outside Iraq except for one bond Iraq bartered him for private sector debt under Paris Club. when then sold bonds were sold at the price of about 60 cents, then rose to 90 cents in this case Iraq had became classified automatically within countries that have rated under degree B-giving Iraq a good indicator in the presence of chapter VII.

The departure of Iraq from Chapter VII and the entry of foreign firms in addition to having a high liquidity, political stability and the presence of oil wealth, are all factors that will increase the degree of Iraq's credit rating.

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