MarketWatch
Feb. 17, 2012, 3:46 p.m. EST
Iceland’s debt comes in from the cold
Commentary: Fitch rewards efforts to mend a broken economy
By MarketWatch
SAN FRANCISCO (MarketWatch) — Iceland. The mere mention of this rocky island outpost used to send chills down the spine of over-leveraged nations worldwide.
No more. What was once the poster child for economic excess has emerged a role model for countries struggling to save their bacon in the global bond market.
Fitch Ratings on Friday raised its credit rating on Iceland to BBB- from BB+. The move marks the passage of Iceland’s debt from junk back to investment grade. At the same time, Fitch declared Iceland’s economic outlook stable, something that might have seemed unattainable three years ago.
http://www.marketwatch.com/story/icelands-debt-comes-in-from-the-cold-2012-02-17
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 