31 October 2005

Standard & Poor's affirms Iceland's AA-/A-1+ foreign currency sovereign rating on Healthy Public Finances; Outlook Stable

Standard & Poor's Ratings Services said today it affirmed its AA- long-term foreign currency and AA+ long-term local currency sovereign credit rating on the Republic of Iceland. At the same time, the A-1+ short-term foreign and local currency ratings on Iceland were affirmed. The outlook is stable.

The full text of Standard & Poor's media release and the full report are enclosed in the following pdf-files:

Republic of Iceland AA-/A-1+ Ratings Affirmed On Healthy Public Finances; Outlook Stable

Credit Research Report Iceland (Republic of)

No. 33/2005
October 31, 2005