15 March 2007

Fitch Downgrades Iceland to A+ / AA+ Outlook Stable

On March 15, 2007 Fitch Ratings downgraded Iceland’s foreign and local currency Issuer Default ratings (IDRs) to A+ and AA+ from AA- (AA minus) and AAA respectively. The Outlook on both ratings is Stable. The Short-term foreign currency rating is also downgraded to F1 from F1+ and the Country Ceiling is lowered to AA- from AA.

Fitch's press release

No. 4/2007
March 15, 2007