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Ministry of Finance and Economic Affairs

Standard & Poor's affirms Iceland's sovereign ratings at BBB+/A-2 with a stable outlook

International rating agency Standard & Poor's has affirmed Iceland's sovereign ratings at BBB+/A-2 with a stable outlook. Standard & Poor's expects economic growth in Iceland to remain strong over the next few years, supported by the tourism sector and robust private consumption. The stable outlook balances the potential for a faster-than-anticipated improvement in the country's fiscal and balance-of-payments profiles over the next two years against the remaining risks surrounding capital control liberalization and the prospect of the economy overheating.

Standard & Poor´s updated Iceland´s sovereign rating in last January, from BBB to BBB+. The company raised the rating in July 2015 to BBB from BBB-, which had been the sovereign rating since November 2008, either by negative, positive or stable outlook.

 

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