30 January 2015

Fitch Revises Iceland’s Outlook to Positive; Affirms at ‘BBB’

Fitch ratings has revised the Outlook on Iceland’s Long-Term foreign currency and local currency IDRs to ‘Positive ‘ from ‘Stable ‘ and affirmed the ratings at ‘BBB’ and ‘BBB+’ respectively. The issue ratings on Iceland’s senior unsecured foreign and local currency bonds are also affirmed at ‘BBB’ and ‘BBB+’. The Country Ceiling is affirmed at ‘BBB’ and the Short-term foreign currency IDR at ‘F3’.

Fitch’s press release and report on Iceland are available here:

Fitch Ratings _ Press Release (pdf)

Iceland - Rating Action Report (pdf)