13 January 2017

Fitch revises outlook on Iceland to positive

Central Bank of Iceland and the mountain Esja

Fitch Ratings has revised the outlook on Iceland’s long-term foreign and local currency IDRs to positive from stable. The IDRs are affirmed at BBB+. The issue ratings on Iceland’s senior unsecured foreign- and local-currency bonds were also affirmed at BBB+. The country ceiling was affirmed at BBB+ and the short-term foreign-currency IDR and commercial paper (CP) at F2.

Fitch press release can be found here.