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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Fitch maintains Iraq's rating with a stable outlook

    Rocky
    Rocky
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     Fitch maintains Iraq's rating with a stable outlook Empty Fitch maintains Iraq's rating with a stable outlook

    Post by Rocky Thu 07 Dec 2017, 2:33 am

    [size=30]Fitch maintains Iraq's rating with a stable outlook[/size]
    07/12/2017 11:14 | Number of readings: 1
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    Trend Press / New York
     
    Fitch Ratings said it kept its rating of Iraq unchanged with a stable outlook .
     
    Fitch said in a statement seen by Trend Press on Thursday that it affirmed its long-term foreign currency default risk rating at B- .
     
    Three months ago, Standard & Poor's confirmed its credit rating for Iraq at B- / B with a stable outlook, but expected oil production cuts to affect economic growth in 2017 .
     
    Fitch expected Iraq's oil production and exports to stabilize at high levels next year 2018 .
     
    Iraq, OPEC's second-largest oil exporter, agreed last weekend to extend an oil production cut to the end of 2018 to restore the balance between supply and demand and thereby improve oil prices .

    Iraq relies on revenues from the sale of oil to finance up to 95 percent of state expenditure . 
     
    The fall in crude prices since 2014 has had a major impact on the Iraqi economy .
     
    Fitch said Baghdad's implementation of an agreement with the International Monetary Fund (IMF) on a three-year demand loan was running slower than planned .
     
    In May 2016, Iraq agreed with the International Monetary Fund (IMF) to lend it $ 5.4 billion in an agreement that could then lead to additional $ 15 billion in international aid in the next three years .

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    Rocky
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     Fitch maintains Iraq's rating with a stable outlook Empty Fitch maintains Iraq's rating with a stable outlook

    Post by Rocky Thu 07 Dec 2017, 2:52 am

     Fitch maintains Iraq's rating with a stable outlook

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    Economy News _ Baghdad
    The Fitch Ratings International said it has maintained its rating of Iraq unchanged with a stable outlook. 
     
    "Fitch said in a statement read by the Economist News on Thursday that it affirmed its rating of the risk of default in foreign currency in term Long at "B-". 
     
    Three months ago, Standard & Poor's affirmed its credit rating for Iraq at B- / B with a stable outlook, but expected oil production cuts to affect economic growth in 2017. 
     
    Fitch expected Iraqi production and exports to stabilize at high levels Next year 2018. 
     
    Iraq, the second largest oil exporter in the Organization of Petroleum Exporting Countries, "OPEC", which agreed last weekend, to extend the agreement to reduce oil production until the end of 2018, to restore the balance between supply and demand, and then improve oil prices.
    Iraq relies on revenues from the sale of oil to finance up to 95 percent of state expenditure. 
     
    The fall in crude prices since 2014 has had a major impact on the Iraqi economy. 
     
    Fitch said Baghdad's implementation of an agreement with the International Monetary Fund (IMF) on a three-year demand loan was running slower than planned. 
     
    In May 2016, Iraq agreed with the International Monetary Fund (IMF) to lend it $ 5.4 billion in an agreement that could then lead to additional $ 15 billion in international aid in the next three years.


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