S&P Upholds Iraq's Sovereign Rating at 'B-/B' and Keeps Outlook Stable
S&P Global Ratings has maintained Iraq's long-term foreign and local currency rating at 'B-' and short-term rating at 'B', keeping a stable outlook. The agency points to Iraq's sizable usable reserves relative to external public debt and prospective oil production increases as key supports, while warning that domestic political uncertainty and elev…