Fitch Affirms Iceland at ‘A’; Outlook Stable

15.02.25
Fitch Affirms Iceland at ‘A’; Outlook Stable

Fitch Ratings has affirmed Iceland's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A' with a Stable Outlook. 

Iceland's 'A' rating is underpinned by very high income per capita and governance indicators akin to 'AAA' and 'AA' category sovereigns. Strong fundamentals include sizeable pension fund assets, a sound banking sector, and resilient private sector balance sheets. Ample foreign reserves help mitigate Iceland's external vulnerabilities. The rating remains constrained by Iceland's small economy with limited export diversification. 

Increased confidence in a sharp and sustained decline in the government debt-to-GDP ratio and higher trend growth and/or evidence of economic diversification that reduces Iceland's vulnerability to external shocks, could lead to a positive rating action. 

A marked deterioration in the debt-to-GDP ratio, from a sustained period of fiscal loosening and a severe economic shock, for example, due to a sharp correction in the real estate market, could lead to a negative rating action.  

Further information on www.government.is

Til baka

Aðrar fréttir

Sep 17 2025
Nominal Treasury Bonds
Treasury Bond Auction Announcement - RIKB 42 0217
Series RIKB 42 0217
ISIN IS0000033884
Maturity Date 02/17/2042
Auction Date 09/19/2025
Settlement Date 09/24/2025
10% addition 09/23/2025

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN number and with the Maturity Date according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date and the Bonds will be delivered in electronic form on the same day. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%.

Further reference is made to the description of the Treasury bond and the General Terms of Auction for Treasury bonds on the Government Debt Management website.

For additional information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.
Sep 11 2025
Treasury Bills
Treasury Bill Auction Announcement - RIKV 26 0318
Series RIKV 26 0318
ISIN IS0000038016
Maturity Date 03/18/2026
Auction Date 09/15/2025
Settlement Date 09/17/2025

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN number and with the Maturity Date according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the Settlement Date and the Bills will be delivered in electronic form on the same day.

Further reference is made to the General Terms of Icelandic Treasury bills and General Terms of Auction for Treasury bills on the Government Debt Management website.

For additional information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.