Moody’s Investors Service has today confirmed the Aa3 rating assigned to the Faroe Islands reflecting Moody’s view that the domestic economy is resilient enough to withstand EU sanctions on Faroese herring and mackerel exports. This concludes the review for downgrade assigned to the rating on 13 August 2013.
At the same time, Moody’s has assigend a negative outlook to the rating to reflect the continued uncertainty around the Faroese economy.
See further information in the attached press press release from Moody’s, or at
