Fitch Affirms Iraq's Credit Rating at 'B-' with Stable Outlook

Key Facts

Fitch Ratings affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating at 'B-' with a stable outlook. Investing.com reported that the rating reflects the country's fiscal position and its significant economic dependencies.

The affirmation balances Iraq's foreign exchange reserves and fiscal buffers against high dependence on oil revenues and geopolitical risks. This neutral rating action confirms existing credit risk expectations for sovereign debt without triggering immediate market volatility.