08 March 2010

Standard & Poor's confirms Iceland sovereign rating : still on CreditWatch with negative implications

Standard & Poor's have today announced the unchanged sovereign rating for Iceland, following the rejection of referendum of legislation to repay Icesave debts. Iceland's sovereign rating , BBB-/A-3 foreign currency ratings and BBB+/A-2 local currency ratings is still on CreditWatch with negative implications.

Here is Standard & Poor's original press release: Standard and Poors press release March 8 2010.pdf