News

Fitch upgrades Iceland to ‘A-' outlook is positive - 7/7/17

Fitch Ratings has upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A-' from ‘BBB+' with positive outlook. The main drivers behind the upgrade are reduced external vulnerability and improvements in government debt ratios, supported by robust growth.

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Standard & Poor‘s affirms Iceland‘s Sovereign ratings at A/A-1 with a stable outlook - 6/30/17

In accordance with its publication schedule, on June 30 2017, S&P Global Ratings affirmed its 'A/A-1' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland.

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Second meeting of the Financial Stability Council in 2017 - 6/22/17

The second meeting of the Financial Stability Council in 2017 was held on Tuesday 20 June at the Ministry of Finance and Economic Affairs. 

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Government Accounts 2016 - 6/14/17

The results of Government Accounts for 2016 have now been published and the accounts forwarded to the Althingi. The principal outcome of the 2016 Government Accounts is a revenue surplus of ISK 294.6 billion, compared to a surplus of ISK 20.0 billion for 2015.

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Request for court-appointed assessors withdrawn - 4/27/17

Four investment funds authorised in January by the Supreme Court to pose questions to court-appointed assessors have withdrawn their request. The request was filed due to planned legal action against the State in connection with legislation on the treatment of offshore króna assets.

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A report on the progress of plans to remove capital controls - 4/25/17

The Minister of Finance and Economic Affairs has, as provided for in Act No. 16/2013 of the Icelandic parliament Althingi, published a report on the progress of plans to remove capital controls. 

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First meeting of the Financial Stability Council 2017 - 4/10/17

The first meeting of the Financial Stability Council in 2017 was held on Thursday 6 April at the Ministry of Finance and Economic Affairs.

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Republic of Iceland buys back 876.9 million of own bonds denominated in USD - 4/5/17

Republic of Iceland has purchased for cancellation nominal value of 876.9 million USD in the “ICELAND 5.875%” series due in 2022 (Reg S ISIN USX34650AA31 and 144A ISIN US451029AE22; Reg S CUSIP X34650AA3 and 144A CUSIP 451029AE2) at 115.349. 

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Fiscal Plan for 2018-2022 - 3/31/17

The five-year fiscal plan is to be presented before Parliament today. In coming years, particular emphasis will be placed on infrastructure development and strengthening the social welfare system, including significantly increased spending on health care and education.

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S&P Research Update Republic of Iceland Ratings Raised To 'A/A-1' OnLifting Of Capital Controls - 3/17/17

S&P has raised Republic of Iceland Ratings to 'A/A-1' on lifting of capital controls. Outlook is stable. S&P say:

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Moody‘s Investors Service, Issuer Comment on the Government of Iceland - 3/17/17

Today Moody‘s Investors Service issued a Comment on the Government of Iceland: Elimination of Capital Controls is Credit Positive for the Sovereign and the Financial Sector.

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Iceland Lifts Capital Controls - 3/12/17

The Government of Iceland today announces that capital controls on the country's individuals, firms, and pension funds have been lifted with effect on Tuesday. The removal of the capital controls, which stabilised the currency and economy during the country's unprecedented financial crash, represents the completion of Iceland's return to international financial markets.

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Treasury finances January-November 2016 - 2/1/17

Statistics for Treasury finances for January-November 2016 are now available.

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Fitch raises outlook to positive - 1/13/17

Fitch, the credit rating agency today issued its rating for the Icelandic Treasury. The prospects were upgraded to positive, whereas previously they were seen as stable. 

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S&P raises the credit rating of the Treasury to A- - 1/13/17

The credit rating agency Standard & Poor‘s today raised the credit rating of Iceland´s long-term foreign and local currency debt to A- from BBB+ with a stable outlook. The main reason for the increase was a stronger external position.

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Fifth meeting of the Financial Stability Council 2016 - 1/10/17

The fifth meeting of the Financial Stability Council in 2016 was held on Friday 16 December 2016 at the Ministry of Finance and Economic Affairs.

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