Iceland 'A+/A-1' Ratings Affirmed; Outlook Stable

On Sept. 5, 2025, S&P Global Ratings affirmed its 'A+/A-1' long- and short-term foreign and local currency sovereign credit ratings on Iceland. The outlook is stable. The ratings on Iceland reflect the country's very high GDP per capita and strong growth track record. Both of which are higher than those of most sovereigns rated by S&P in Western Europe. The ratings also reflect Iceland´s robust institutional framework and sound economic and fiscal policies. However, the ratings remain constrained by the vol ...