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

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

NOTE: This article is from 08. March 2010 and is therefore more than 5 years old.

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