Iraq deal with IMF is credit positive: Moody's


May 23 A deal between Iraq and the International Monetary Fund for a $5.4 billion standby agreement is credit positive and will improve liquidity for the cash-strapped government, Moody's said in a statement.

The agreement will help finance Iraq's fiscal and current account deficits, the rating agency said.

The deal, reached on Thursday, could unlock $15 billion more in international assistance over the next three years to help an economy hit by the plunge in oil prices since mid-2014 and a costly battle against Islamist militancy.