walkongstick :FRANK................Fitch assigns Iraq a sovereign credit rating
Friday, 07 August 2015
Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of 'B-' with a stable outlook. The agency has also assigned a country ceiling of 'B-' and a short-term IDR of 'B'.
No surprise perhaps that political risk and insecurity are among the highest faced by any sovereign rated by Fitch. -
See more at: http://www.ftseglobalmarkets.com/news/fitch-assigns-iraq-a-sovereign-credit-rating.html#sthash.3bVWIxFJ.dpuf
Frank26: Yes Sir. This is an update for You and KTFA FAMILY:
The CR (Credit Rating) was issued at a B minus but given as STABLE. The user Default Ration IDR was a B grade. Moody and Finch is the first to report this last night. The other agencies are waiting for instructions.
Abadi hold Taxes and Tarrif's at borders because the DB's (Domestic Bonds) were ONLY a TEST. He had to post pond to slow citizen voice........ IMF knew this.
It is NOW Iraq's Sovereign CR. Jabouri said he was disappointed but understands the MR with DRS. The room from B to A is to make room for growth.
The RI is being kicked in iMO and the B is the RI phase that will take us into the RV.
The credit rating is visible because of security now. If A did not succeed with the 2 BN and the citizens then the second phase would have failed so he took phase one out of the control of the citizens' hands.......brilliant.
Jabouri wanted a higher CR but he understands this is the start of adding value and that is the focus right now for the currency.
It is important that you WALKINGSTICK follow the two state banks of Iraq......Rafadim and Rasheed because they may be the holders if the 5 trillion loan from the CBI. Only because the corrupt managers have been removed from these two banks. Please look inside the money world something is going on with these two banks as we speak.
We have information that this Saturday meeting may be bigger than most meetings by the CBI. Why is it at a hotel with luxury for thousands that are coming......why the royal treatment?
Why at the same moment the IMF reiterates that Alack is only the acting governor of the CBI for now?
Sir....trust Middle East news now. Why is the GREEN ZONE blocked again today? Why is Abadi letting the protestors have their way against the corrupt officials of their country?
Why did the defense minister arrest 35 last night? Why is the GOI scattering like cockroaches?
Abadi dismissed all of M's followers and they are not getting paid by the GOI.
Many small things are leading to one big thing.
IMO.....the thousands that will show up at the Sheraton tomorrow may be that the CBI is announcing......"open for business".
Not just for the 5 trillion report.....these guests are being treated way too good.
On top of all of this......1250 troops just landed in Iraq yesterday. Most from our Forts but this number has some from South Korea......the new coalition force!!!
The news is good on security and it is leading us to the Sheraton....we will send FireFlies. Our report shows the following for tomorrow......"A is XXXXXXXX SERIOUS".
Finally Sir......after this meeting may I suggest that there will be a massive roundup of corrupt officials in the GOICBI .......get ready!
Security kills corruption and corruption of currency must stop.
Therefore know that displaced and embezzled funds have been recovered and applied ......all that was stolen from the GOICBI and citizens in the last corrupt years.
M's son cannot leave Iraq nor can M. Security ......... Our Friend. KTFA Frank