Standard & Poors sustains ratings on Iraq at B-/B

( Baghdad Standard and Poors financial services company has affirmed the ratings of Iraq at B-/B with stable outlook.

S&P stated that the stable outlook incorporates expectation that the large budget and external deficits could be financed, and the conflict with ISIS will be contained.

Standard & Poors also predicted Iraqs real GDP growth to fall below 2% in 2017-2019 due to the negative effects of fiscal consolidation and weak domestic demand.