Standard & Poor's (S&P), in a report cited by Mada Al-Rafidain News, has placed Iraq's sovereign credit rating on "Negative Watch" due to the profound economic ramifications of ongoing regional instability. This action warns of a potential downgrade if the crises persist.
This evaluative action reflects the agency's growing concerns regarding the impact of oil export disruptions on the country's capacity to fulfill its financial obligations, cover essential imports, and maintain adequate foreign reserves at the Central Bank.
Conversely, Fitch Ratings maintained its score for Iraq at (B-) with a stable outlook, citing the comfortable volume of cash reserves the country accumulated during previous periods of high oil prices.
