The Interaction Between Macroeconomic Factors and IFRS Disclosure Levels in Determining Credit Ratings in Iraq Banking Sector

The study aims to explore the interaction between macroeconomic factors and disclosure levels of standards, in addition to showing the joint impact on the credit rating of banks listed on the Iraq Stock Exchange. The official website of the Central Bank of Iraq was used to determine the number of Iraqi public and private banks for the year 2024 (7 public banks) and (74 private banks), and we relied on the data published by international credit rating agencies for the credit rating variable, while to determine the economic factors variable, we relied on the Early Warning Report for the Banking Sector for the third quarter of 2023 of the Central Bank of Iraq, while the extent of disclosure levels of international financial reporting standards provided by Iraqi banks was measured using a checklist. The study concluded that macroeconomic factors and disclosure levels of international financial reporting standards play a crucial role in determining credit ratings in the Iraqi banking sector, and the study recommends that the banking sector provide full disclosures in accordance with international financial reporting standards to meet the aspirations of users of financial statements and reports. In addition, banks in Iraq should seek to improve the reality of credit and governance and apply the highest level of compliance with international standards.