Fitch upgrades Iceland to investment grade

It seems like it's a case of 'first in, first out', as Fitch has decided to upgrade its rating on Iceland after the country has made progress in restoring "macroeconomic stability".

It seems like it's a case of 'first in, first out', as Fitch has decided to upgrade its rating on Iceland after the country has made progress in restoring "macroeconomic stability".

The ratings agency has lifted its long-term foreign currency issuer default rating from 'BB+' to 'BBB-', the first step of investment grade.

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