Tags: Iceland | Rating | Outlook | s&P

Iceland’s Rating Outlook Revised to Stable From Negative by S&P

Wednesday, 23 Nov 2011 02:36 PM

Iceland had its credit rating outlook revised to stable from negative by Standard & Poor’s Ratings Services, which cited economic growth in the country after two years of “severe contraction.”

“Significant headway has been made in restructuring the private-sector balance sheet and we expect the process to be mostly completed by mid-2012,” S&P said. The BBB-/A-3 sovereign ratings were affirmed.


© Copyright 2017 Bloomberg News. All rights reserved.

1Like our page
2Share
Markets
Iceland had its credit rating outlook revised to stable from negative by Standard Poor s Ratings Services, which cited economic growth in the country after two years of severe contraction. Significant headway has been made in restructuring the private-sector balance...
Iceland,Rating,Outlook,s&P
60
2011-36-23
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved