Ratings: Foreign and Local Currency: B-/Stable/B For further details see ratings list. Iraq's real GDP growth will remain subdued in 2018-2020, accelerating slightly to average about 2% due to rising oil production, compared with about 1% in 2017. We are affirming our 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Iraq. The stable outlook reflects our expectation that fiscal deficits will be modest over the next few years, while economic growth prospects will be subdued owing to domestic political tensions, OPEC quotas and constraints on government spending. On Feb. 23, 2018, S&P Global Ratings affirmed its 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Iraq. The outlook is stable. The stable
