| Stable Economic Outlook for Iceland |
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| Written by Iceland Review | |||
| Monday, 28 November 2011 00:00 | |||
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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. ESA
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| Last Updated on Monday, 28 November 2011 07:39 |
