The credit rating agencies Standard & Poor’s and Fitch are required to publish the issuance dates of EU member states’ credit ratings pursuant to Regulation no. 462/2013. The purposes of the regulation are to enhance transparency in rating agencies’ operations, improve the rating process, and increase the companies’ responsibility for the credit ratings, which have a demonstrable effect on the credit terms offered to EU member states. Because Moody‘s primary analyst of the Republic of Iceland is located outside the EU, the rating agency is not required to publish the issuance dates.

The regulation applies in the EEA states, although neither it nor some recent rules on financial supervision, etc., (cf., for example, Regulation no. 1095/2010) has been formally implemented in the EEA states.

The publication schedule is entirely the responsibility of the rating agencies themselves.

 The 2015 publication dates for Iceland’s ratings are as follows:

Rating Agency

   Date of publication

 S&P

   16 January

 Fitch

   30 January

 S&P

   17 July

 Fitch

   24 July