06 June 2007

R&I Rating assigns the Republic of Iceland AA+. Outlook stable

R&I Rating of Japan today announced its first rating for the Republic of Iceland, assigning it a foreign currency issuer rating of AA+. The outlook is stable. The rating is announced in connection with a formal request by Kaupthing Bank for a rating from the agency. R&I Ratings also decided to assign a rating to the Republic of Iceland, although this had not been requested by the authorities.

News release from R&I Ratings

For further information, contact Sturla Pálsson, Director of the International and Market Operations Department at the Central Bank of Iceland, tel. +354-569-9600.

No. 10/2007
June 6, 2007