21.08.2009

Moody's says Icesave amendment supports fiscal sustainability. Amendment to agreement mildly positive for rating, but negative outlook remains

Moody's says Icesave amendment supports fiscal sustainability. Amendment to agreement mildly positive for rating, but negative outlook remains

Moody's Investors Service expects the planned amendment to Iceland’s agreement with the British and Dutch authorities -- over compensation for former Icesave depositors -- to be mildly positive for the government’s Baa1 rating, although several outstanding challenges mean the negative outlook prevails. 

Moody's press release and report can be approached here.

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