By John Lee.
Fitch Ratings has said that Iraq’s government debt is set to fall steeply as a share of GDP in 2022, bringing it to pre-Covid-19 pandemic levels.
It adds that while this is positive for the sovereign’s creditworthiness, the decline may not be sustainable, as it partly reflects political tensions that have constrained public spending and reflect the high political risk captured in Iraq’s ‘B-‘ rating.
(Source: Fitch Ratings)
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