Millionday News 12/10/13 millionday] so we had something today that we wanted all of you to see so that is why we held on to wait - it is very important and has to do with the global entry of course our most important need
[millionday] this is not a long but a very very important newstime -- ok here we go - i want you to read this very carefully because it is of the utmost importance
[millionday] here we go welcome to newstime --- Seeks most governments and countries , companies or funding agencies to obtain credit rating in order to facilitate their access to finance that you want through the local markets or external reason to force the pace to get the highest degree of classification among the nations of the world to improve its reputation and economic development of the joints of the various productive sectors ,
to confirm for countries wishing investment to its sound economic and environment are valid , as well as the credit rating eases the cost of borrowing when the state needed to decode Achtnaqatha financial external debt .
Read More Link On Right
[millionday] note -- remember how important it was for us to hold on to our credit rating and also we have read about hoe important it was to Iraq as well
[millionday] here we go -- explanation>>>>>>>>>>>>>>>>>>>>>>>>>>>>
[millionday] Known credit rating GCR, an acronym for (global credit rating) as a measure to assess the possibility of the borrower to meet its obligations in the face of the lenders or the sense of the other risks of non- payment of the lender ( the source of the bond ) to fulfill its obligations ( the value of the loan and its benefits ) to the borrower ( the bondholder ) .
And is rated the world's credit rating ladder consists of 4 grades are A , B, and C and D as well as variables that represent signal + or - and Petkrarat different .
The credit rating agencies of the three , the Standard & Poor's, Moody's and , in general, Fitch evaluates the risks associated with both versions of the debt of companies or governments .
The ability of the source to meet the payment of debt interest and premiums incurred by him the most important indicator of creditworthiness upon which to build classifications by these agencies .
millionday] According to the economic expert d . Appearance of Mohammed Saleh , the rating Iraq credit now , although he did not specify yet officially , Vhually probably at Class B returned him a good indication of the reason for optimism , explaining in a statement ( morning) :
This place in the classification is not official , but set the intensity on buying Iraqi bonds sold in global markets , amounting to 2.7 billion dollars annual interest rate steady at 5.8 percent .
He stressed that it is possible to get it through a contract from one of the government departments such as the Ministry of Commerce economic or financial planning , or with one of the three agencies for the recent turn to conduct a field survey of the situation of the political ,
social and financial embrace it result in the degree classification. He stressed that the existence of a credit rating , though low, is better than no rating basically .
[millionday] note -- much better than no rating at all for global entry
[millionday] He pointed out that the existence of Chapter VII was the most prominent obstacles to obtaining credit rating to raise it under international sanctions since the nineties of the last century , as the lack of classification was basically confirms and proves that the country was a threat to all countries in the world .
He continued, but now after entering Iraq to item VIII of the UN Charter, it is important to move the government in this aspect for the purpose of obtaining formal classification to achieve the required development after the entry of foreign investment into the country .
[millionday] note -- the entry of Iraq to item VIII of the UN charter
[lorijeanmarshall] millionday What happened to Chapter VI?
[DBJJ] Article 8!!!!
[millionday] im not sure -- you must be referring to imf -- chapter VIII is what we need from UN --- so this is great ----
[lorijeanmarshall] No. When the UN moved Iraq from CH 7 to CH6 - But I guess anything is better that CH7 -- CH6 was when they were under the watch of UNAMI
[millionday] this is great that they are now entering VIII item of the UN charter in this stage -- it is much better and what is needed for the global entry
[lorijeanmarshall] millionday sweeeeeeeeeeeeeeeeeeeeeeeeeeeeeeet
[wmawhite] lorijeanmarshall lorijeanmarshall ...correct.......September 27, 2013 Iraq was moved to Chapter 6.
[millionday] the UNAMI is to make sure their humanitarian needs are met -- water -- food -- and fair care
[lorijeanmarshall] wmawhite Ok. Thanks I thought I was loosing my mind.
[aJw70] Nice M.D.
[millionday] so now this is VIII
[faith1] Wow now,,, as in now entering viii ????
[lorijeanmarshall] Ok, I gottcha!!! -- millionday Thanks!!!!!!!!!!!
[millionday] let me bring the rest so we can all cheer --smile yw all the time hun
[lorijeanmarshall] millionday Please
[piuser64] I hope we don't need ch9 next
[wmawhite] millionday lorijeanmarshall ..I really believe that article is referring to Article 8 of the IMF (UN).
[lorijeanmarshall] Sorry to interrupt I was just REAL lost there for a minute
[millionday] The first round of the Conference of Finance and Commerce had been launched in June of 2012 , agreed during the government with the American side to encourage investors to come to Iraq and classification of credit to be able to give credit to foreign investors ,
as well as the importance that goes on Iraq in this category in order to give the guarantees in opportunities for investors and confidence to recover their capital .
[millionday] here is what Iraq has going for it >>>>>>>>>>>>>>>>>>>>>>>>>
[millionday] Salih stressed that the strength of Iraq's financial is very large , and what it takes to integrate into the global system and the existence of financial liquidity and high oil wealth ,
which would raise the grade credit rating of Iraq , as he needed at the current stage to attract investment and foreign companies for the reconstruction of infrastructure through get a credit rating in order to develop economic reality to stabilize its importance in attracting investments and give the right economic perceptions to the investing companies .
[millionday] note -- to develop economic reality -- smile
[millionday] importance of credit rating to them >>>>>>>>>>>>>>>>>>>>>>
[millionday] And the importance of getting Iraq on the credit rating of the sovereign of the international credit rating agencies and the application of the policies needed to improve the degree classification to become within the investment grade ,
which contributes to increase the resources of the state so as to enable the country to attract investors and access to global capital markets and obtain financing cost occasion. He pointed out that there are differences between the credit rating agencies in the credit rating of sovereign debt , as well as
[millionday] note -- capital markets are the currency markets
[millionday] the factor of financial is the most influencing factors in the credit rating of sovereign debt , which leads to a change in the degree of classification, pointing to the need to identify the differences among them in the methodologies credit rating for sovereign debt even canceled. Saleh explained that the three agencies recognized because all countries in the world take these classifications also said Iraq needs to get them for the purpose of improving the attraction of investment and confirm the efficiency of Iraq financially.
[millionday] For his part, stressed the point person on the financial sector Shirvan Anwar Mustafa importance for Iraq to global sovereign rating .
Mustafa said in his speech ( morning) : " There are ways and simple mechanisms for sovereign rating , especially that all countries of the world are dealing with the institutions of international calendar ," returned him an important issue for the country and for the international deal , especially at the level of financial institutions .
[millionday] He added that "in order to deal rating agencies and the international calendar with Iraq , must be plans and government policies are clear and stable without fluctuation , as well as to maintain the stability of the currency and a commitment to international conventions ,
adding that the current trend in the way of the signing of international treaties that give a guarantee to the investor , which is " favorable ground " for any international institution calendar for assessing the situation in Iraq in general and to support to UN agencies .
[aJw70] Millionday... what is their debt now other then the iqd
[millionday] so now due to the change they have to maintain currency stability and be ready to hold on to all dates set for the globe and move forward
[millionday] they have a lot of debt hun and have it all in signed agreements
[aJw70] Good news
[millionday] i would have to research all the debt and dates and dont have time right now while i am bringing the news but will try to find out the most i can during the week
[millionday] brb with more -- whooop whoooop
[millionday] this is the credit rating set to move forward to global trade love it love it brb with more
[lorijeanmarshall] millionday AWESOME!!!!!!
millionday] remember that credit ratings are only set on the country`s reality --- so this is why we are thrilled with this ] brb lorijeanmarshall smile
[aJw70] If the debt is under contract... theirs no need to research it
[simbaspen*] rate please?????
[Domino] millionday Can you give us the short & narrow of article or chapter 8?
[ROBINREDHED] i like it too
[DBJJ] MD - they state "after ENTERING Iraq Item VIII"....meaning they're in Article 8! Something we've been waiting to see, no?
[lorijeanmarshall] millionday That is such wonderful news
[DT N AZ] I was under the impression if they were in Article 8 they would have already RV'd their currency
[wmawhite] DBJJ ..............there was another article from earlier today from the GOI stating that Iraq was compliant with Article 8 of the IMF.
[millionday] we have seen announced in many reports that the countries are afraid of entry to Iraq due to security -- here is a report from iraq on that subject
[millionday] Create an attractive investment environment for capital and specialized international companies has become a prerequisite for the advancement of the process , cooperation with the evolving international effort is necessary at the current stage to overcome the problems experienced by the fields of production and services .
A specialist in economic affairs Hadi Hndas noted in an interview for the "morning" that the consensus interested and economists on the importance of investing in the development production and service sectors ,
pointing to the importance of identifying the kinks and orientation to provide attractive investment environment for the global effort specialist .
[millionday] He noted the importance of working to enact laws that Dolly 's investment process guarantor of the rights of companies and the beneficiaries ,
noting that the global investment firms working on the study of the legal environment by specialists stands at less than the legal details , which requires the creation of an attractive environment for those companies here can transfer experiments countries in the region to the country and employed to serve the local economy .
He pointed out that the country live a shift towards a free market economy , which requires that accompanied the work of legislation legal suit the volume of work , which includes all sectors in the general areas of the country.
[millionday] note -- the shift to a free market economy includes all sectors -- i like that