30 July 2015

Fitch Ratings Full Rating Report

Central Bank of Iceland

The rating agency, Fitch Ratings, has released its Full Rating Report on Iceland following an annual visit to Iceland in June.

Regarding key rating drivers the report starts with capital account liberalisation, and says: "The main driver of Fitch Ratings’ upgrade of Iceland’s Foreign Currency Long-Term IDR to ‘BBB+’ is the presentation of a detailed strategy for the liberalisation of capital controls. Fitch believes that the plan is credible and will allow for the lifting of capital controls without generating undue balance of payments pressure."

Fitch's report on Iceland can be seen here.

See here further information on the Republic of Iceland's sovereign credit rating.