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Standard & Poor’s sustains ratings on Iraq at ‘B-/B’

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( Baghdad – Standard and Poor’s financial services company has affirmed the ratings of Iraq at ‘B-/B’ with stable outlook.

S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained.

Standard & Poor’s also predicted Iraq’s real GDP growth to fall below 2% in 2017-2019 due to the negative effects of fiscal consolidation and weak domestic demand.

Source: Iraq News, August 27, 2016

Standard & Poor’s sustains ratings on Iraq at ‘B-/B’


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