Moody's Investor Services has assigned an A3 issuer rating to Íslandsbanki. The rating has a stable outlook. The rating is the highest of the Icelandic banks and demonstrates Íslandsbanki's strong capitalisation and good recurring profitability. Additionally, Moody´s assigned A2 long-term and P-1 short-term foreign and local currency deposit ratings.
Moody's further commented on the low and falling level of problem loans, reflective of Iceland’s supportive economic environment and adequate liquidity. Moody's also noted that the limited investment banking operations at Íslandsbanki have resulted in better earnings stability compared to peers.
For further information on Íslansbanki’s credit ratings, please see here: Ratings