Current Iceland credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | A | positive | 16 May 2023 | outlook upgrade |
| Moody's Investors Service | A2 | positive | 17 Jul 2023 | outlook upgrade |
| Fitch Ratings | A | - | 21 Mar 2022 | outlook upgrade |
| DBRS | - | - |
Iceland: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
Iceland Credit Ratings historical data
Timetable of Iceland credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 17 Jul 2023 | A2 | |||
| 16 May 2023 | A | |||
| 21 Mar 2022 | A | |||
| 23 May 2020 | A | |||
| 9 Nov 2019 | A2 | |||
| 20 Jul 2018 | A3 | |||
| 8 Dec 2017 | A | |||
| 7 Jul 2017 | A- | |||
| 17 Mar 2017 | A | |||
| 13 Jan 2017 | A- | BBB+ | ||
| 1 Sep 2016 | A3 | |||
| 10 Jun 2016 | Baa2 | |||
| 15 Jan 2016 | BBB+ | |||
| 24 Jul 2015 | BBB+ | |||
| 17 Jul 2015 | BBB | |||
| 29 Jun 2015 | Baa2 | |||
| 30 Jan 2015 | BBB | |||
| 18 Jul 2014 | BBB- | |||
| 24 Jan 2014 | BBB- | |||
| 26 Jul 2013 | BBB- | |||
| 14 Feb 2013 | BBB | |||
| 7 Feb 2013 | Baa3 | |||
| 17 Feb 2012 | BBB- | |||
| 23 Nov 2011 | BBB- | |||
| 17 May 2011 | BB+ | |||
| 29 Jul 2010 | Baa3 | |||
| 23 Apr 2010 | Baa3 | |||
| 6 Apr 2010 | Baa3 | |||
| 5 Jan 2010 | BBB- | BB+ | ||
| 31 Dec 2009 | BBB- | |||
| 11 Nov 2009 | Baa3 | |||
| 4 Dec 2008 | Baa1 | |||
| 24 Nov 2008 | BBB- | |||
| 8 Oct 2008 | A1 | BBB- | ||
| 6 Oct 2008 | BBB | |||
| 30 Sep 2008 | Aa1 | A- | ||
| 29 Sep 2008 | A- | |||
| 20 May 2008 | Aa1 | |||
| 17 Apr 2008 | A | |||
| 1 Apr 2008 | A+ | |||
| 5 Mar 2008 | Aaa | |||
| 20 Nov 2007 | A+ | |||
| 15 Mar 2007 | A+ | |||
| 22 Dec 2006 | A+ | |||
| 5 Jun 2006 | AA- | |||
| 21 Feb 2006 | AA- | |||
| 10 Feb 2005 | AA- | |||
| 16 Dec 2003 | A+ | |||
| 31 Mar 2003 | AA- | |||
| 15 Nov 2002 | A+ | |||
| 20 Oct 2002 | Aaa | |||
| 15 Feb 2002 | AA- | |||
| 22 Oct 2001 | A+ | |||
| 21 Mar 2001 | A+ | |||
| 3 Feb 2000 | AA- | |||
| 27 May 1998 | A+ | |||
| 30 Jul 1997 | Aa3 | |||
| 16 Jun 1997 | A1 | |||
| 24 Jun 1996 | A1 | |||
| 10 Apr 1996 | A2 | |||
| 15 Mar 1996 | A+ | |||
| 24 May 1989 | A2 | |||
| 14 Feb 1989 | A |