Treasury and Central Bank prepay foreign loans
Today the Republic of Iceland and the Central Bank of Iceland prepaid loans granted from its Nordic neighbours in connection with the Government’s IMF-supported economic programme from 2008. The prepayment amounted to 735 million euros, or 114 b.kr. The loans in question originally matured in 2019, 2020, and 2021.
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Iceland Outlook Revised To Positive On Strong Growth And Improving Public Finances; 'BBB-/A-3' Ratings Affirmed
On July 18, 2014, Standard & Poor's Ratings Services revised its outlook on the Republic of Iceland to positive from stable. At the same time, the rating agency affirmed 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Iceland.
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Central Bank of Iceland to hold foreign currency auction
The Central Bank of Iceland is offering to purchase euros in exchange for Icelandic krónur for long-term investment in the Icelandic economy, or in exchange for payment in Treasury bond series RIKS 33 0321. Furthermore, the Central Bank of Iceland advertises herewith for bids on the sale of Icelandic krónur for cash payment in foreign currency.
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Moody‘s publishes annual sovereign credit analysis
The rating agency has released a report following their annual visit to Iceland. Moody‘s affirms Iceland‘s Baa3/P-3 ratings for long-term and short-term debt and outlook remains stable.
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Joint SUERF/Central Bank of Iceland conference
On Wednesday 2 July, the European Money and Finance Forum (SUERF) and the Central Bank of Iceland, held a joint conference on Post-crisis recovery and the reconstruction of the financial sector, in Harpa, Reykjavik.
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