Standard and Poor’s (S&P) has confirmed Iraq’s FICO score at B-/B with a steady viewpoint.
As per Iraq’s Service of Money, the report features Iraq’s monetary and financial soundness, driven by progressing monetary and monetary changes executed by the Service.
It adds that Iraq’s ability to meet its external financial obligations and its strong foreign currency reserves, which exceed its external public debt, are reflected in the stable rating, which is supported by stable crude oil prices.
S&P noticed that Iraq’s credit score could improve assuming monetary development speeds up, public income enhances past oil, per capita pay increments, and financial and monetary strategy changes proceed.
