Fitch Ratings announced today that it had upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A-’ from ‘BBB+’. The outlook is positive. The main rating drivers are reduced external vulnerability and improvements in government debt ratios, supported by robust growth.
Fitch upgrades Iceland to ‘A-’; outlook is positive
| Source: Ríkissjóður Íslands - Lánamál ríkisins