Fitch Ratings has upgraded Iceland’s Long-term foreign currency Issuer Default Rating (IDR) to ‘BBB+’ from ‘BBB‘ and upgraded its Long-term local currency IDR to ‘A-’ from ‘BBB+’. The agency has also upgraded the Short-term foreign currency IDR to ‘F2’ from ‘F3’and upgraded the Country Ceiling to ‘BBB+’ from ‘BBB‘. The Outlooks on the Long-term IDRs are Stable.
