Interesting to read the following article: http://www.sharecast.com: 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:
- http://online.wsj.com: Fitch Upgrades Iceland Rating To First Step Of Investment Grade
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