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Ratings On The Republic of Iceland Affirmed At 'BBB-/A-3'; Outlook Stable

Published Oct 17, 2012

1824 words — Published Oct 17, 2012

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Abstract:

We view Iceland as having the institutional capacity to address financial sector problems and build an environment more conducive to job creation and sustainable economic growth. We expect the economy to continue to expand by 2%-3% annually between 2012 and 2015. External and public-sector debt levels are high but we expect fiscal consolidation to continue. We are affirming our 'BBB-/A-3' long- and short-term sovereign credit ratings on Iceland. The stable outlook balances our view of Iceland's improved economic fundamentals with downside risks associated with capital controls being lifted over the next few years. LONDON (Standard&Poor's) Oct. 17, 2012--Standard&Poor's Ratings Services today affirmed its 'BBB-/A-3' long- and short-term sovereign credit ratings on the Republic of Iceland. The

Brief Excerpt:

RESEARCH Ratings On The Republic of Iceland Affirmed At '###-/A-3'; Outlook Stable Publication date: 17-Oct-2012 Primary Credit Analyst: Eileen X Zhang, CFA, London (44) 20-7176-7105; eileen_zhang@standardandpoors.com Secondary Contact:...

Report Type:

Ratings Action

Ticker

1171Z@IR

Issuer

Iceland (Republic of)

Sector

Global Issuers

Country

Iceland

Region

Europe, Middle East, Africa

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Ratings On The Republic of Iceland Affirmed At 'BBB-/A-3'; Outlook Stable" Oct 17, 2012. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-The-Republic-of-Iceland-Affirmed-At-BBB-A-3-Outlook-Stable-1025275>

APA:	S&P Global Ratings’ Credit Research. (). Ratings On The Republic of Iceland Affirmed At 'BBB-/A-3'; Outlook Stable Oct 17, 2012. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-The-Republic-of-Iceland-Affirmed-At-BBB-A-3-Outlook-Stable-1025275>

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