Tuesday June 16 2015
Contract Finance Minister Hoshyar Zebari , on Tuesday, held talks with the two agencies two international credit rating for credit assesses the economic and financial activity for Iraq during the current stage classification, while the ministry made it clear that this will help the country to enter markets in the international capital and the issuance of sovereign bonds.
The ministry said in a statement seen by Alsumaria News, that "an update of the consultations conducted by the Finance Minister Hoshyar Zebari and his accompanying delegation in the presence of Deputy National Security Adviser Safa Sheikh talks session was held with Fitch and Rodez credit rating for credit assesses the economic and financial activity for Iraq during the stage classification current. "
She added that "access to the credit rating helps Iraq in obtaining financial support and access to international capital markets and the issuance of sovereign bonds on behalf of the Government of Iraq, also assisted in the development of the volume of investment through the contribution of many investors in the development of the development process. "
Zebari was announced, in the (April 30, 2015), that Iraq sought to obtain a sovereign rating and communicate with the credit rating agencies, as pointed out that it is preparing to issue bonds worth a huge five billion dollars to cover the fiscal deficit.
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