Moody’s With Negative Outlook On Iceland

Published July 27, 2012

Financial analysts Moody’s have released a new credit report on Iceland. Meanwhile, the economy continues to recover.
While Moody’s has been cautiously optimistic about Iceland’s overall economy, their latest credit analysis once again offers a mixed – but more negative – outlook on Iceland.

In its annual credit report on Iceland, Moody’s Investors Service says that Iceland’s Baa3 government bond rating is based on the country’s moderate economic and high institutional strength as well as low government financial strength and high susceptibility to event risk. The downside risks facing Iceland’s sovereign creditworthiness are reflected in the currently negative outlook on the rating.

In related news, Iceland’s economy continues to recover. Inflation is now at 4.6%, decreasing by 0.7% from the month previous. Unemployment is also quite low, at 5.2%. Also of note: the number of bankruptcies has decreased by 30% from this same time last year.



News
Tony Omos Appeals To Iceland’s Supreme Court

Tony Omos Appeals To Iceland’s Supreme Court

by

Asylum seeker, Tony Omos, will appeal his case against the Directorate of Immigration (UTL) with Iceland’s Supreme Court, reports Vísir. Supreme Court lawyer,

News
Progressive Campaign Manager: Refugees “Slave Owners And Pimps”

Progressive Campaign Manager: Refugees “Slave Owners And Pimps”

by

The campaign manager for the Progressive Party in Reykjavík has publicly declared asylum seekers to be “slave owners and pimps”.

News
Pets May Soon Be Allowed On Buses

Pets May Soon Be Allowed On Buses

by

A petition that has been making the rounds through social media may soon translate into pets being allowed on buses.

News
Iceland’s Press Photos Of The Year Awarded

Iceland’s Press Photos Of The Year Awarded

by

The Icelandic Association of Photojournalists has awarded 6 photographers in 7 categories for Best Press Photos 2014, reports RÚV. DV photographer,

News
Holuhraun Eruption Definitely Over Now

Holuhraun Eruption Definitely Over Now

by

The Holuhraun eruption has ended, reports RÚV. This was officially confirmed by scientists and Iceland’s Civil Protection this weekend, though

News
Police Chief Broke Law In Asylum Seeker Leak Case

Police Chief Broke Law In Asylum Seeker Leak Case

by

The Data Protection Authority (DPA) has ruled that Reykjavík Police Chief Sigríður Björk Guðjónsdóttir, during her time as Suðurnes Police

Show Me More!