Moody's Places Iceland's Ratings on Review for Downgrade
Moody's Investors Service has placed Iceland's Aa1 government bond ratings and its Aa1 country ceiling for foreign currency bank deposits on review for possible downgrade.
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Fitch downgrades Iceland to 'A-'/'AA'; On Rating Watch Negative
Fitch Ratings-London-30 September 2008: Fitch Ratings has today downgraded the Republic of Iceland's Long-term foreign and local currency Issuer Default ratings (IDR) to 'A-' (A minus) and 'AA' from 'A+' and 'AA+'; respectively.
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R&I has downgraded Iceland's Foreign Currency Issuer Rating from AA+ to AA
R&I has downgraded Iceland's Foreign Currency Issuer Rating from AA+ to AA.
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Standard & Poor's Ratings Services lowered its ratings on the Republic of Iceland
On Sept. 29, 2008, Standard & Poor's Ratings Services lowered its long- and short-term foreign currency sovereign credit ratings on the Republic of Iceland to 'A-/A-2' from 'A/A-1', and its local currency sovereign credit ratings to 'A+/A-1' from 'AA-/A-1+'.
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The Government of Iceland provides Glitnir with new equity
The Government of Iceland and the major shareholders of Glitnir Bank hf., in cooperation with the Central Bank of Iceland and the Financial Supervisory Authority, have come to an agreement under which the Government will provide Glitnir with new equity.
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