3e544b59bc759b29588395ca90b7a74fffe9a92d

Standard & Poor's hikes Iceland's credit rating to 'BBB+'

Standard & Poor’s announced it had bumped up Iceland’s credit rating by one notch to BBB+, citing progress over the easing of capital controls imposed during the 2008 banking crisis. “The upgrade primarily reflects the further progress Iceland has achieved in resolving the issues standing in the way of capital account liberalisation since June 2015,” the ratings agency said in a statement. The 2008 economic crisis caused the sudden collapse of the island nation’s financial sector, forcing the country to ban the outflow of capital for fear of draining the economy of all its resources.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Top U.S. spy agency has not embraced CIA assessment on Russia hacking https://t.co/IjKhHd4Nmc #liarinchief #urwrong https://t.co/MBrsUbDLHg - 1 month ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *