|Stable Economic Outlook for Iceland|
|Written by Iceland Review|
|Monday, 28 November 2011 00:00|
Financial services company Standard & Poor’s conclude that in light of economic growth after two years of a deep recession the economic situation in Iceland is improving, upgrading the outlook for the Icelandic state from negative to stable last week.
From Reykjavík. Copyright: Icelandic Photo Agency.
S&P confirmed the credit rating for the Icelandic state treasury’s short and long-term obligations in Icelandic and foreign currency at BBB-/A-3 on Wednesday, visir.is reports.
The outlook for Landsvirkjun, the Icelandic National Power Company, is also improving, S&P stated; the company’s credit rating remains at BB for now, ruv.is reports.
Representatives of Landsvirkjun said in a statement that the changed outlook has limited impact on the company’s receivable commercial papers.
|Last Updated on Monday, 28 November 2011 07:39|