Moody's Affirms Iceland's Long-Term Issuer Rating at A1
What happened
Moody's affirmed the Government of Iceland's domestic and foreign-currency long-term issuer and foreign-currency senior unsecured ratings at A1. The outlook for Iceland remains stable. The affirmation reflects Moody's view that Iceland is gradually diversifying its export base and maintaining proactive policymaking to support macroeconomic stability and reduce inflation.
From manilatimes.net
Why it matters
The rating reflects Iceland's strong commitment to fiscal consolidation and the accumulation of large macroeconomic buffers since the 2008 banking crisis. Moody's notes that progress in knowledge-intensive sectors, including health services and aquaculture, could support sustainably higher growth and faster fiscal improvement.
From manilatimes.net
Who's involved
- IcelandThe Nordic island country whose long-term issuer rating was affirmed.
- Moody's CorporationThe company that issued the rating affirmation.
- Moody's Investors ServiceThe bond credit rating division of Moody's Corporation.
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The entities involved
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Iceland
Nordic island country in the North Atlantic Ocean
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Moody's Corporation
company
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