The international financial ratings agency, Fitch yesterday increased its long-term foreign currency debt rating for Iceland by one notch from BB+ to BBB-. The country’s short-term debt rating was also put up from B to F3.
Tag Archive | "fitch"
Fitch raises Iceland credit rating out of junk
Posted on 18 February 2012.
Posted in Featured, General, Iceland, International, MBLComments (3)
Iceland receives mixed news from credit ratings agencies
Posted on 17 May 2011.
Standard & Poor’s has followed Fitch Ratings in delivering positive news on Iceland’s creditworthiness. However, both companies have stopped short of upgrading the country’s ratings.
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Fitch affirms Iceland sovereign ratings, revises outlooks to stable
Posted on 16 May 2011.
Fitch Ratings has affirmed Iceland’s Long-term Foreign and Local Currency Issuer Default Ratings (IDRs) of ‘BB+’ and ‘BBB+’ and revised the Outlooks to Stable from Negative.
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Moody’s takes ‘wait and see’ approach to Iceland rating
Posted on 12 April 2011.
The Governor of the Central Bank of Iceland says that the Moody’s ratings agency has confirmed it will hold off on re-evaluating Iceland’s sovereign debt rating following Saturday’s Icesave referndum. He has also asked the other major ratings companies to hold judgement.
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“Fitch Ratings unnecessarily harsh over Iceland currency loans ruling”
Posted on 19 July 2010.
Iceland’s minister for trade, Gylfi Magnusson, says the cautionary words from the CEO of Fitch Ratings about the Icelandic Supreme Court’s ruling that foreign currency loans are illegal do not come as a surprise. Magnusson says the uncertainty surrounding how such loans will be dealt with now is unsettling.
Posted in Business, Featured, General, Iceland, International, MBL, Politics, SocietyComments (8)
