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Fitch Ratings upgrades Iceland to ‘A’; outlook is stable

Fitch Ratings announced today that it had upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A’ from ‘A-’. The ratings outlook is stable.

The main rating drivers are economic stability, reduced external vulnerability and improvements in government debt ratios, supported by robust growth.

Fitch’s press release can be found here.