S&P Global has maintained Iraq’s sovereign credit ratings at ‘B-/B’, a level that suggests significant risk. The affirmation comes amid ongoing instability in the Middle East, presenting challenges for the Iraqi economy over the next six to twelve months. The ratings reflect S&P’s assessment of Iraq’s economic vulnerabilities and geopolitical risks. While the ratings remain unchanged, the outlook suggests continued financial pressures. This assessment impacts Iraq’s ability to borrow internationally and its cost of capital. The report provides insight into the financial health of Iraq as it navigates a complex regional landscape. Further details of the rationale behind the decision were not immediately available.