Fitch Ratings upgrades Iceland’s Long-Term Foreign-Currency Issuer Default Rating to ‘A+’ from ‘A’, with a Stable Outlook. This reflects Iceland’s improved public finances and projected decline in general government debt, supported by fiscal prudence and balanced budgets. The upgrade is driven by improving fiscal metrics and fiscal space, with expectations of further deficit reduction and declining debt ratio in 2026-2027. Iceland’s ratings are supported by its wealthy economy, strong institutions, and high governance standards, offset by vulnerability to sector-specific shocks. Fitch also highlights Iceland’s sound banking sector and high World Bank Governance Indicators ranking. Fitch Ratings has withdrawn all ratings for commercial reasons.

Read more at GlobeNewswire: Fitch Upgrades Iceland to ‘A+’; Outlook Stable; Withdraws