latest news releases from the newsroom
Islandsbanki hf. : Íslandsbanki's S&PGR rating raised to BBB/A-2 with positive outlook
Today, S&P Global Ratings (S&PGR) upgraded Íslandsbanki to BBB/A-2 from BBB-/A-
3 with positive outlook.
According to S&PGR the upgrade primarily reflects improving operating conditions
for Iceland's banking sector, with falling private sector leverage and improved
access to foreign debt capital markets. Thus, S&PGR revised upward their anchor
for banks operating in Iceland, the starting point in assigning a rating to
Islandsbanki, to 'bbb-' from 'bb+'.
The positive outlook reflects positive t
Arion banki hf.
Standard & Poor’s upgrades Arion Bank’s credit rating
Standard & Poor’s has upgraded Arion Bank’s credit rating from BBB- to BBB with
a positive outlook. The upgrade reflects the improving conditions in the
Icelandic economy, the deleveraging of Icelandic households and corporations
and the positive impact of the continued liberalization of capital controls. It
also takes into account Arion Bank’s enhanced access to international funding
markets and improved capital following the sale of legacy equity positions.
Höskuldur H. Ólafsson, CEO of Ari