News
-
30 July 2019 /Fitch Ratings’ Full Rating Report on Iceland
Fitch Ratings has released its Full Rating Report on Iceland. The report follows Fitch Ratings’ upgrade on Iceland´s Short-Term ratings and affirmation of Long- Term sovereign ratings on 24 May this y...
-
29 July 2019 /Moody´s publishes annual credit analysis on Iceland – rating unchanged at A3 with a positive outlook
Today, international rating agency Moody´s Investors Service published an annual credit analysis. The analysis does not entail a rating revision and Iceland’s sovereign rating remains at A3 with a pos...
-
25 July 2019 /Minutes of the meeting of the Financial Stability Council on 24 June 2019
Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...
-
28 June 2019 /Government accounts 2018 – Robust Treasury position
The results of the Government accounts for 2018 have now been published and the accounts sent to Parliament. The accounts show a surplus of ISK 84bn, as compared with a surplus of ISK 39bn in 2017. Th...
-
13 June 2019 /Republic of Iceland issues a new Eurobond at the lowest yields in the Republic´s history
The Republic of Iceland has today concluded agreements on issuance of bonds totalling EUR 500 million, or the equivalent of ISK 71 billion. The bonds bear fixed interest of 0.1% and have a 5-year mat...
-
05 June 2019 /Republic of Iceland launches a cash tender offer and announces intention to issue new notes
The Republic of Iceland (the Offeror) announces today an invitation to holders of its outstanding €750,000,000 2.50 per cent. Notes due 15 July 2020 (ISIN: XS1086879167) to tender their Notes for purc...
-
29 May 2019 /Revised fiscal policy statement: Positive overall balance for the general government is assured
Due to a lower debt level and sustained fiscal surpluses in recent years, the domestic economy is well prepared to face temporary headwinds. Performance targets are scaled downwar...
-
24 May 2019 /Fitch ratings upgrades Iceland´s ST ratings to F1+; affirms LT ratings at A stable
Today Fitch ratings has published a new report on Iceland´s sovereign ratings. Iceland´s Short-Term (ST) foreign- and local currency ratings are upgraded to F1+ from F1, in line with the agency´s publ...
-
21 May 2019 /Moody´s publishes credit opinion on Iceland – rating unchanged at A3 with a positive outlook
Today, international rating agency Moody´s Investors Service published an updated credit opinion. The opinion does not entail a rating revision and Iceland’s sovereign rating remains at A3 with a posi...
-
17 May 2019 /S&P Global Ratings affirms Iceland’s sovereign ratings at A/A-1 with a stable outlook
International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency assumes a recession in 2019 due to declining tourist arriv...
-
07 May 2019 /Minutes of the meeting of the Financial Stability Council on April 1st 2019
Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...
-
03 May 2019 /Fitch places Iceland´s Short-Term Ratings Under Criteria Observation in line with revised criteria
Fitch ratings published a commentary today stating that short-term ratings of Iceland in foreign and local currency, have been placed Under Criteria Observation (UCO) with the possibility of an upgrad...
-
03 May 2019 /Progress of the Plan for Removal of Capital Controls
The Minister of Finance and Economic Affairs today published a report on the progress of plans to remove restrictions on cross-border capital movements and foreign currency trading. The minister shall...
-
03 April 2019 /Moody's published an issuer on the possible impact of WOW air's collapse on the Icelandic economy
Moody’s published an issuer comment today on the possible impact of WOW air’s collapse on the Icelandic economy. Moody’s expect the short term effect to be negative on 2019 economic growth, but in lon...
-
23 March 2019 /Fiscal Strategy Plan for 2020-2024: Increased resilience in the economy
The fiscal strategy for the years 2020-2024 reflects the strong position and discipline in government finances in a slower-paced economy. The strategy is a key factor in the important task of co-ordin...
-
04 March 2019 /Removal of capital controls on holders of offshore krónur and reduction of special reserve requirement on capital inflows
Act no. 14/2019, which amends the Foreign Exchange Act, no. 87/1992, and the Act on the Treatment of Króna-Denominated Assets Subject to Special Restrictions, no. 37/2016, was published in the La...
-
19 February 2019 /Tax burden on people in the lowest income group reduced
The tax burden on persons in the lowest income group would be reduced by 2 percentage points if the changes to the tax system which the government is proposing are adopted. These changes are in line ...
