Friday, 17 February 2012

Iceland returns to the fold following Fitch upgrade to investment class.

Interesting to read the following article: Fitch upgrades Iceland to investment grade and that one of the credit rating agencies, in this case Fitch, has actually upgraded a country's credit rating.
Significantly it is Iceland, the last country to be bankrupted by its banks and the credit crunch. 
Still got a long way to go but the country's efforts have been rewarded with a reinstatement of its rating to BBB- which apparently is the first "investment" grade and once again gives the country access to international capital markets.

Related articles: Fitch Upgrades Iceland Rating To First Step Of Investment Grade

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