Ratings agency raises Iceland's credit rating

International ratings agency Fitch has this evening raised Iceland's credit rating by one notch, from 'Double B Plus' status to 'Triple B minus'.

International ratings agency Fitch has this evening raised Iceland's credit rating by one notch, from BB+ status to BBB-.

The agency said that the outlook is now stable for Iceland, and that its decision "reflects the progress that has been made in restoring macroeconomic stability, pushing ahead with structural reform and rebuilding the country's creditworthiness".