The Standard & amp rating agency; Poor’s (SP) will raise by one notch to BBB, the ratings of the debt of Iceland, given the government’s plans to liberalize capital movements.
Note of the debt denominated in ISK and foreign currency was raised by one notch to BBB, along with a “stable” perspective.
“We expect Iceland to attack in the coming months as the excess of its balance of payments and that it gradually starts to lift capital controls, “said the rating agency in a statement.
“We consider that the measures proposed by the government will benefit investor confidence and will improve access to foreign capital markets for non-sovereign issuers,” the agency said.
In late June, Moody’s had also noted a notch Icelandic notes for similar reasons.
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