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[size=35][size=35]"Fitch" reveals Iraq's rating and expects a surplus[/size]
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2022-12-21 | 11:43
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"The B- rating reflects large foreign exchange reserves and low interest costs on government debt," Fitch said in a statement.
"The B- rating reflects the heavy dependence on primary commodities, political risks and the lack of development in the banking sector," it added.
According to the agency, "[You must be registered and logged in to see this link.]'s budget surplus will rise to about 10% of GDP in 2022, supported by increased oil revenues," but it also expected that "[You must be registered and logged in to see this link.] would achieve a much smaller surplus in the 2023 budget at 2.2% of GDP."
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2022-12-21 | 11:43
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Fitch Ratings confirmed Iraq's rating at B- with a stable outlook, while it revealed that Iraq's budget surplus will rise to about 10%.
"The B- rating reflects large foreign exchange reserves and low interest costs on government debt," Fitch said in a statement.
"The B- rating reflects the heavy dependence on primary commodities, political risks and the lack of development in the banking sector," it added.
According to the agency, "[You must be registered and logged in to see this link.]'s budget surplus will rise to about 10% of GDP in 2022, supported by increased oil revenues," but it also expected that "[You must be registered and logged in to see this link.] would achieve a much smaller surplus in the 2023 budget at 2.2% of GDP."
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