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Iceland — Macro Imbalances Trigger Negative Outlook

In: Preludes to the Icelandic Financial Crisis

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  • Fitch Ratings

Abstract

Fitch has revised the outlooks on Iceland’s long-term sovereign ratings to negative from stable. This rating action reflects the agency’s view that there has been a material deterioration in Iceland’s macro-prudential risk indicators, accompanied by a greater than expected deterioration in the current account balance and soaring net external indebtedness.

Suggested Citation

  • Fitch Ratings, 2011. "Iceland — Macro Imbalances Trigger Negative Outlook," Palgrave Macmillan Books, in: Robert Z. Aliber & Gylfi Zoega (ed.), Preludes to the Icelandic Financial Crisis, chapter 7, pages 77-88, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30714-8_7
    DOI: 10.1057/9780230307148_7
    as

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