The Central Bank of Iraq reported that the National Team and the Technical Committee for Sovereign Rating held a joint meeting, attended by Oliver Wyman, to discuss mechanisms to improve the Republic of Iraq’s sovereign and credit rating. The meeting focused on priority areas for engagement with international rating agencies S&P, Fitch and Moody’s, highlighting five pillars used in rating methodologies: institutional quality and financial strength, monetary strength, economic structure and growth prospects, political events and risks, and governance and general stability. Participants also discussed building an integrated economic and financial base that reflects reforms, institutional capacity and future opportunities, alongside maintaining direct and continuous communication with rating agencies to strengthen mutual understanding and support sustained positive outcomes. The update placed the meeting within the government’s broader effort to improve Iraq’s economic image and international confidence, following the September 2025 formation of a National Credit Rating Improvement Team.
Central Bank of Iraq 2026-01-14
Central Bank of Iraq convenes sovereign rating committees to coordinate actions to improve Iraq’s credit rating
The Central Bank of Iraq reported a joint meeting with the National Team, Technical Committee for Sovereign Rating, and Oliver Wyman to enhance Iraq's sovereign and credit rating by engaging with S&P, Fitch, and Moody’s, focusing on institutional quality, financial strength, and governance. This initiative aligns with the government's broader efforts to improve Iraq's economic image and international confidence.