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Moody’s changes outlook on Iceland’s ratings to positive, affirms A2 ratings

Published on: Friday 14 July 2023

Moody’s changes outlook on Iceland’s ratings to positive, affirms A2 ratings Moody’s Investors Service (Moody’s) has today changed the outlook on Government of Iceland’s ratings to positive from stable and affirmed the local and foreign-currency issuer ratings at A2. The key drivers for the outlook change to positive are: 1. The government’s rapid progress in reducing its budget deficit and bringing the public debt ratio onto a declining trend which increase the probability of a faster-than-expected rebuilding of fiscal buffers; and 2. The increased chances that strong g



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