Moody’s assigns provisional rating of (P)Caa1 to Government of Iraq’s USD bond issuance; Outlook stable
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Frankfurt: Moody’s Investors Service (Moody’s) has today assigned a provisional rating of (P)Caa1 to Government of Iraq’s planned USD-bond issuance with a stable outlook.

The rating was initiated by Moody’s Investors Service and was not requested by the rated entity. It is being assigned ahead of planned issuance of USD-denominated debt by the Iraqi government in the United States under Rule 144A. Moody’s expects to remove the provisional status of the rating upon the closing of the proposed issuance and a review of its final terms.

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