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Ministry of Finance and Economic Affairs

Fitch Ratings affirms Iceland's sovereign rating at BBB+ with stable outlook

Fitch Ratings has affirmed Iceland's Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BBB+' and ‘A-' respectively with Stable Outlooks. The issue ratings on Iceland's senior unsecured foreign and local currency bonds have also been affirmed at ‘BBB+' and ‘A-'. The Country Ceiling has been affirmed at ‘BBB+' and the Short-term foreign currency IDR and CP at ‘F2'.

Fitch last changed Iceland´s sovereign rating in July 2015, from BBB to BBB+ with stable outlook. The rating was raised from BBB- to BBB in February 2013,  outlook stable. From October 2008 until February 2012 the rating went from BBB- to BB+ and back to BBB-



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