Tgariromraki: Fitch confidence Atahlltsnev credit Balaguetsadalaraca will have a positive impact on

Tgariromraki: Fitch confidence Atahlltsnev credit Balaguetsadalaraca will have a positive impact on investment



A report of the US network CNBC, that the confidence expressed by Fitch International Foundation for the credit rating of the Iraqi economy last month, will have a positive impact on investment in Iraq.
He wrote the network in its report, that Fitch, gave Iraq rating B + with a positive outlook for the future , which believes it will be stable, although it is fighting a war against al Daesh, adding that, Fitch placed Iraq at the level of B + due to political risks and instability caused by conflicts which passes by, but pointed out that, the positive outlook for the situation in Iraq will have a positive impact among investors who fear pumping their money in it.
He said the financial expert Stephen Simonis, said that Iraq can raise growth rates, thanks to its oil reserves and other sectors that can be relied upon. The report added that the granting of Fitch Iraq this confidence, it gives the green light to invest in it, pointing out that the Iraqi market for securities, works with all his strength since last year, and that there are expectations of re currently allocated for military spending in the budget and give the distribution of funds boost spending on infrastructure and revive Economy.
The Fitch, has indicated in its report , which was issued last March, to improve the financial situation of Iraq, and the expected contraction of the fiscal deficit in the budget to 5.1 percent of GDP this year, due to high oil revenues, and increased government spending by 12.1 percent after three years of decline. And stresses specialists in economic affairs of Iraq, the need for attracting foreign indirect investment , which will have a significant impact on the returns of ordinary shares traded on the Iraq Stock Exchange size, showing how to achieve this was through the two hypotheses two major, the first key is to influence a significant moral foreign investment is direct in regular stock returns for companies respondent "as they go by saying that other hypothesis is influencing a moral significance of foreign direct investment is in the number of ordinary shares of the companies surveyed, suggesting foreign investment is the impact of pain Proceeded also in regular stock returns to the banks of the research sample, which corresponds to the first major hypothesis . "The Iraq Stock Exchange, had confirmed that the number of 01.29.2017 foreign investment funds listed on the market so far of 30 funds with a lack of investment funds for local listing.

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