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CHICAGO (MarketWatch) -- Fitch Ratings has upgraded Iceland's long-term foreign currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+,' the firm said Friday. The outlook is stable. The upgrade "reflects the progress that [Iceland has] made in restoring macroeconomic stability,
Originally posted by mars1
Ratings agency Fitch says Iceland's long-term debt is now safe to buy, adding the outlook for the tiny North Altantic nation is stable
Do you think we will ever see the same said about Greece or the rest of them my opinion is NO.
BB(xxx) 'BB' National Ratings denote an elevated default risk relative to other issuers or obligations in the same country. Within the context of the country, payment is uncertain to some degree and capacity for timely repayment remains more vulnerable to adverse economic change over time.