Ratings

Íslandsbanki has a BBB+ / A-2 credit rating issued by S&P Global Ratings

Ratings


Ratings agencies assign borrowers an alphabetical credit rating which reflects the borrower’s ability to fulfil his obligations. The alphabetic rating is generally accompanied by an outlook statement indicating the prospects for changes in the credit rating. The outlook can be negative, stable, or positive. Credit ratings agencies publish news and detailed analysis for their assessments on a regular basis.

S&P (Íslandsbanki)

S&P (The Republic of Iceland*)

Fitch (The Republic of Iceland*)

Moody's (The Republic of Iceland*)

Long-term rating

BBB+

A

A

A3

Short-term rating

A-2

A-1

F1

P-2

Outlook

Negative

Stable

Stable

Positive

Affirmed

* Foreign currency obligations - Please visit www.cb.is for further information.

On January 30 2019, Íslandsbanki has announced that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki is set to terminate as per:

https://www.islandsbanki.is/en/news/islandsbanki-to-terminate-credit-rating-contract-with https://www.fitchratings.com/site/pr/10060974

Ratings development

Íslandsbanki was assigned its first credit rating by Standard & Poor‘s in April 2014. Below is a list of the historical developments in Íslandsbanki’s credit ratings.

Developments in Standard & Poor's ratings of Íslandsbanki

Affirmed (date)

Long-term

Short-term

Outlook

BB+

B

Stable

BB+

B

Positive

BB+

B

Positive

BBB-

A-3

Stable

BBB-

A-3

Stable

BBB-

A-3

Positive

BBB

A-2

Positive

BBB

A-2

Positive

BBB+

A-2

Stable

BBB+

A-2

Stable

BBB+

A-2

Stable

BBB+

A-2

Negative

For developments in S&P's sovereign credit ratings of Iceland, please visit theCentral Bank of Iceland.