Icelandic bank, Islandsbanki hf is well positioned among the three largest commercial banks in Iceland. In our view, the bank is showing continued improvement in its already strong capital buffers and recovering loan book. We are assigning our 'BB+/B' ratings to Islandsbanki. The stable outlook reflects our expectation that Islandsbanki will maintain its strong capital position as Iceland's economy continues to recover. STOCKHOLM (Standard&Poor's) April 30, 2014--Standard&Poor's Ratings Services said today that it had assigned its 'BB+' long-term and 'B' short-term counterparty credit ratings to Iceland-based bank Islandsbanki hf. The outlook is stable. The ratings reflect our 'bb' anchor for banks operating in Iceland and our view of Islandsbanki's "adequate" business position, "strong" capital and earnings,
