The Service of Money reported that Iraq kept up with its FICO score given by Standard and Unfortunate’s Credit score Organization.
According to a ministry statement, which was included in the agency’s copy, “in the latest report issued by Standard & Poor’s Credit Rating Agency (S&P): Iraq keeps up with its credit score at B-/B with a steady viewpoint,” alluding to “the monetary and financial steadiness in Iraq.”
“The new rating reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices,” it stated.
The assertion called attention to that the organization saw “the chance of further developing Iraq’s FICO score in case of an expansion in the monetary development rate, enhancement of the state’s oil and non-oil public monetary incomes, an expansion in the per capita pay portion of the public pay, and the continuation of monetary and financial strategy change techniques.”
