S&P: Stable Economic Outlook for Iceland Skip to content

S&P: Stable Economic Outlook for Iceland

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.

Click here to read about Moody’s analysis of the economic situation in Iceland.


Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article