DELTA » May 2nd, 2015, 4:58 pm GREETINGS FAMILY:
IRAQI FINANCIAL MINISTER SAID LAST NIGHT ON IRAQIA TV THAT THE PROCESS OF GETTING CREDIT DID START A WEEK AGO.
IT'S VERY CLEAR LIKE I SAID LAST NIGHT , ONE OF THE REQUIRED FACTOR TO RATE SOVEREIGNS..... IS CURRENCY IN INTERNATIONAL TRANSACTION " ARTICLE 8"
AND NO THEY DON'T HAVE TO WAIT 4-6 WEEK TO CHANGE VALUE.
ZOCHOWSKI » May 2nd, 2015, 5:22 pm EVENING "DELTA"
NOT TO BE A "STICK IN THE MUD" SO TO SPEAK, AM WONDERING IF THIS WAS STARTED LAST MONTH, MARCH, WHEN THEY GOT THE GREEN LIGHT.........WOULD THIS NOT ALSO HAVE BEEN WHEN THEY "SHOWED THE BOOKS"...............
NOT BEING CRITICAL, TRYING TO ESTABLISH A PROPER TIMELINE.........
TO START ASKING FOR A CREDIT RATING A WEEK AGO KINDA SEEMS REDUNDANT WHEN IRAQ HAS BEEN MOVING AT ALMOST SUPER-SONIC SPEED ALREADY........
ANYWAY, MIGHT BE A MUTE POINT ANYWAY, SINCE THEY NEED TO HAVE A "RATE" BEFORE A "CREDIT RATING"..............
AND AT 1% FOR INTEREST TO BE PD OVER 30 YRS............
THEY MUST HAVE A REAL GOOD RATE NOW..........
SINCE THEY GOT THE ONE LOAN APRIL 20TH/RA-JAB 1ST.......AND HAVE BEEN APPROVED FOR MORE SINCE THIS ONE........
I JUST SEE SOOO MUCH GOING ON RIGHT NOW..............THANKS "DELTA"
JJONESMX » May 2nd, 2015, 5:18 pm
Get the sovereign rating supports the issuance of treasury bonds
Declared one of the institutions after four months of receiving a government request
BAGHDAD Mustafa al-Hashemi
strengthens the presence of the credit rating of any country in the world to get the funding they want through local or foreign markets, as well as he (credit rating) reduces the cost of borrowing when the state needed to decode the financial Achtnaqatha external debt.
and demonstrated the need for Iraq to speed up winning this category of the three global agencies after Tdharrh of lower world oil prices and their impact on the general budget.
In this regard, Prime Minister Dr. economic adviser said. The appearance of Mohammed Saleh: that Iraq lacks the sovereign credit rating but bonds issued by to extinguish the Paris Club debt rated close to those countries that have such a rating awarded Iraq.
He said in a statement the "morning" that interest rates and the discount rate on the Iraqi raised bonds earlier approaching the price of some countries that have rated sovereign, pointing out that the classification of Iraq's credit, although he did not officially yet determined, Vhually probably at a temperature -B returned him well and cause an indication of optimism, saying:
that this place is an official but set the intensity on buying Iraqi bonds raised by accordance with the Paris Club and sold in global markets, amounting to $ 2.7 billion annual steady at 5.8 percent interest.
He stressed that the existence of a sovereign credit rating on the bonds, whatever the degree reduces the interest rate and the discount in the event was put support without credit rating will be a degree of risk high It would therefore be the discount rate the highest.
The credit rating agencies of the three, the Standard & Poor's, and Moody's and Fitch, in general risks related to the issuance of debt securities, whether companies or governments to assess and prepare the source's ability to meet the payment of debt interest and premiums resulting from the most important indicator of creditworthiness built by ratings by these agencies.
He predicted Saleh, said that the credit rating of the Iraq issue within four months of naming one of the agencies and ask them period officially do the job by the government.
He was Finance Minister Hoshyar Zebari said that Iraq was seeking sovereign rating and communicates with rating agencies credit with the ministry is preparing to issue bonds worth five billion dollars needed to cover the budget deficit of 25 percent of the size of the 2015 budget, amounting to about $ 100 billion.
According to Zebari told Reuters: "We started the process. Banks also seek to help us in this direction. "Did Zebari disclose the date on which it is expected to complete the process.
Iraq had announced his intention to issue bonds worth five billion dollars in the first issued in the international bond market nine years ago and is in dire need of liquidity, Observers believe that the Iraq's oil reserves and huge enjoys a good reputation among countries in the payment of its debts and the implementation of financial obligations able to attract buyers for these bonds.
According to Reuters, the Iraq issue in place of the dollar bonds maturing in 2028 and prompted a wave of selling panicked late last year with the erosion of oil prices, the yield on these bonds to rise to a record high of 10.49 percent from about 7.2 percent in September. But the yield has since tumbled to 8.04 percent.
ZOCHOWSKI » May 2nd, 2015, 5:35 pm EVENING "JJ"
IF I AM READING THIS RIGHT........
THEY PUT IN A REQUEST 4 MONTHS AGO FOR A SOVEREIGN RATE?????
TO HELP SUPPORT THE BONDS!!!!!!
TO ALSO HELP DEAL WITH THE DECLINE IN OIL PRICES!!!!!!!
WHICH ALSO AFFECTS THE BUDGET THAT WAS PASSED IN JANUARY!!!!
THIS WOULD ALSO HELPED TO GET A 1% INTEREST RATE???????
AM I READING THIS INCORRECTLY??????????
THIS HAS JUST MADE A TRIAD OF INFO WHICH TIED TO "DELTA"S LAST POST HAS JUST CONFIRMED MY SUSPICIONS ON WHERE WE MIGHT POSSIBLY BE!!!!!!!!
ANYONE ELSE READING THIS THE SAME WAY AS I???????
HOLY RIGHT SIDE UP HOCKEY STICKS!!!!!!!!
CAN I SAY THAT??? LOL LOL M/Z
JJONESMX: Hi Z…That is exactly how I see it…..JJ
ZOCHOWSKI » May 2nd, 2015, 5:55 pm EVENING "JJ" GOOD!!!!
GLAD TO KNOW I AM NOT CUCKOO ALONG WITH BEING A TURKEY!!!! LMAO......
GREAT CATCH..........GLOSSED OVER THE FIRST TIME THEN I SAW THE HIGHLIGHTS OF 4 MONTHS AGO..........
IMO, THIS JUST CINCHED THE SADDLE UP A COUPLE NOTCHES ON THE OLE HORSE!!!!
mcdan "Declared one of the institutions after four months of receiving a government request BAGHDAD Mustafa al-Hashemi…."
.Does this mean they received the request Four Months ago ?
ZOCHOWSKI » May 2nd, 2015, 5:37 pm EVENING "MCDAN"
YES, I READ IT THE SAME WAY!!!!!!!!!!!!!! M/Z
DELTA » May 2nd, 2015, 5:42 pm HI BROTHER ZOCHOWSKI,
I THINK SO TOO, THEY DID START WAY BEFORE A WEEK..
OF COURSE FINANCIAL MINISTER WILL NOT SAY ALL THE DETAILS, BUT FOR US WE KNOW THAT THE RATE WILL COME FIRST.
IMO WE WILL SEE SOMETHING BIG NEXT WEEK.
ALSO 2 DAYS AGO ON IRAQIA TV FINANCIAL COMMITTEE ASKED CBI TO SPEED UP AND PUT THE LD'S ( 50,100)... BUT WE ALL NOW THE RATE HAS TO CHANGE FIRST.
Thunderhawk » May 2nd, 2015, 2:44 pm
Canada PM arrives in Iraq on surprise visit
(Reuters) - Canadian Prime Minister Stephen Harper arrived in Iraq on Saturday for a surprise visit expected to include a meeting with Canadian soldiers advising Iraqi troops fighting Islamic State militants.
Canada has around 70 special forces in Kurdish areas of northern Iraq. Canadian jets are also taking part in a U.S.-led mission to bomb Islamic State positions in Iraq and Syria.
Harper, who faces a federal election in October, announced in March that Canada would extend its six-month mission by a year to April 2016.
Opposition politicians criticized the extension, accusing the Conservative government of "mission creep", saying Canada was being dragged into a war not of its own making.
VIDEO BELOW LINK
Mountainman:???? I'm not sure what WHITE means???
Can someone HELP w/ that please???
Quote : Frank26: our Monday CC will be Explosive ........... 100% WHITE !!!
Elenora55:"Condition White" is an elevated state of readiness indicating that there is specific information that leads to believe that the event we are looking for is more likely to occur during this time period.
If we don't see anything during this time frame, I'm sure the team will re-evaluate the alert level and update as needed. Overall, this is very encouraging for us during the next 6 days to research/study articles.
Picture a deer in the woods that heard, saw, smelled something that is different and you see their ears perk up, they freeze all activity and become hyper-alert to what is going on. That is how I see "Condition White".