S&P affirms Iraq 'B-/B' rating, outlook stable

Mubasher: Standards and Poor's (S&P) on Friday affirmed Iraq's 'B-/B' rating, with stable outlook despite forecasts of further decline in oil prices.

The agency said the Iraqi economy is slowing down on a steep fall in oil prices as well as public revenues and expenditures.

Low oil prices will remain behind the financial and external pressures from 2016 until 2019, S&P said.

 

 

Mubasher Contribution Time: 26-Feb-2016 22:12 (GMT)