The international ratings agency, Moody’s has changed its outlook on Icelandic creditworthiness from negative to stable.
Moody’s published its latest outlook for Iceland today, and rates the country’s creditworthiness as Baa3. The company says it made the change because of the recently completed IMF review which secures funds for Iceland and means the government will be able to continue its recovery package as planned.
National risk assessor at Moody’s, Kenneth Orchard, said that Iceland’s outlook was downgraded a few weeks ago because of doubt it could pay up its eurobonds due next year and at the beginning in 2012. With access to the IMF, Polish and Nordic loans, that risk has now been removed, Visir.is reports.
This is very good sign provided that the changed must come from within the Icelandic government and all concern, the changes and update of the banking regulations and laws, the need of proper monitoring.
These amounts are loans and will surely ease the financial problems, must be paid in the future plus interest. Also, we have to consider the bills and the cost of the bank collapsed.
Let us remember the reason this happening is because our parliament opposition did its job.
( And Ólafur Ragnar, despite his exessive self love actually did right thing for once with not signing IceSave Dec law so it went to referendum. )
It was not traitorous ” EU at any cost ” Social Democrats led by Jóhanna ” There is no Plan B ” Sigurðardóttir.
It was not Steingrímur ” stay in power at any cost ” Sigfússon.
No, it was Indefense.is and the opposition parties. Standing up to bullies is always right thing to do.
Blinded by they love of the EU, and being in power this is some thing that Social Democrats and Left-Greens can never be forgiven for.
Bla,Bla, Bla ,Bla…..
Well said Gummi!
I am with..y…yawn…zzz…glrp…..
glrrrp,
G.
The most destructive force and the source of most suffering in this world from the beginning is our own stupidity, thats what i worry about, not volcanoes, earthquakes, terrorists etc,
I suspect we will see many of our corrupt politicians replaced by people selected by the corrupt political party’s, this will give us a shortlived sense of victory and the illusion that things have changed, then the old stink will re appear reminding us again how stupid we are.
and Moodys credit rating isnt worth sh*t, any more than the opinion of other similar companies who also sell credit ratings.
I think all the parties have some percentage of corrupt politician. I am suspicious too about the credit rating