22 December 2006

Republic of Iceland Cut To FC A+/A-1, LC AA/A-1+ On Unbalanced Policy Mix; Outlook Stable

On Dec. 22, 2006, Standard & Poor's Ratings Services lowered its foreign currency sovereign credit ratings on the Republic of Iceland to 'A+' long-term and 'A-1' short-term, from 'AA-' and 'A-1+', respectively. At the same time, the long-term local currency rating on Iceland was lowered to 'AA' from 'AA+', and the short-term local currency rating was affirmed at 'A-1+'. The outlook is stable.

Standard & Poors press release

No. 48/2006
22. December 2006