Fitch Ratings has upgraded Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘A’ to ‘A+’, maintaining a Stable Outlook. Following the upgrade, Fitch has withdrawn all of Iceland’s ratings.
**Why this matters**
The upgrade reflects Fitch’s positive assessment of Iceland’s creditworthiness and economic stability. The withdrawal of ratings typically indicates a change in the issuer’s rating status or Fitch’s coverage approach, which may affect investor access to updated credit evaluations.
Source: NewsData