Iceland Junk Credit Grade May Last 2 More Years, Fitch Says
This article is for subscribers only.
Iceland may keep its junk credit rating as long as two years or until it can completely lift capital controls that the government has warned could stay in place until 2015, Fitch Ratings said.
Fitch yesterday raised the outlook on Iceland’s BB+ rating to stable from negative as the fallout of an international depositor claims dispute recedes.