Iraq maintained its credit rating and the level of foreign currency reserves, according to a report issued by Standard & Poor's (S&P) credit rating agency. The agency granted Iraq a credit rating of B – / B with a stable outlook, as a result of the financial and economic stability in Iraq.
The new classification reflects the Ministry of Finance's ongoing economic and financial reform policy, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and meeting other external financial obligations as a result of stable crude oil prices.
Source (Al-Arabiya.net Website, Edited)
