Fitch Ratings has affirmed Kaupthing Bank's ("Kaupthing") ratings at Long-term
Issuer Default 'A', Short-term 'F1', Individual 'B/C' and Support '2'. The
Outlook on the Long-term Rating ("IDR") is Stable. The Support Rating Floor was
affirmed at 'BBB'.
Fitch states: "The ratings of Kaupthing reflect its strong position in the
Icelandic market, the improved diversification of its profits and assets, its
good asset quality, its satisfactory capitalisation and underlying
profitability."
Fitch Ratings press release: See attachment
