Article: “Moody’s has changed its outlook on the Government of Iraq to negative from stable and affirmed the long-term issuer ratings at Caa1…The change in the outlook to negative reflects rising risks to Iraq’s credit profile stemming from the conflict in the Middle East, as risks to energy flows and the security situation remain elevated.”
This verifies my contention that the war is and has caused serious degradation of the economic outlook for Iraq. Two steps backwards. : Fnu Lnu
