| Abstract: | On Sept. 29, 2008, Standard&Poor's Ratings Services lowered its long- and short-term foreign currency sovereign credit ratings on the Republic of Iceland to 'A-/A-2' from 'A/A-1', and its local currency sovereign credit ratings to 'A+/A-1' from 'AA-/A-1+'. In addition, the long-term ratings were placed on CreditWatch with negative implications. Furthermore, the transfer and convertibility assessment on Iceland was lowered to 'AA-' from 'AA'. At the same time, Standard&Poor's also lowered its foreign currency ratings on Ibudalanasjodur (Housing Financing Fund), the government-owned enterprise for housing finance, to 'A-/A-2' from 'A/A-1', and its long-term local currency rating to 'A' from 'A+'. The short-term local currency rating of 'A-1' was affirmed. The long-term ratings on Ibudalanasjodur were also placed
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Republic of Iceland Cut To FC 'A-/A-2', LC 'A+/A-1' On Support For Glitnir Bank; On Watch Neg Publication date: 29-Sep-2008 Primary Credit Analyst: Eileen X Zhang, CFA, London (44) 20-7176-7105;...
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| Report Type: | Research Update
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| Ticker: | 1171Z@IR
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| Issuer: | Iceland (Republic of)
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| Sector: | Global Issuers, Sovereigns, Utilities
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| Country: | Iceland
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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| Format: | | HTML |  |
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