NEW YORK Feb 14 Fitch raised Iceland's
sovereign rating one notch on Thursday, citing the country's
"impressive" progress in recovering from the 2008-2009 financial
Fitch lifted Iceland's rating to BBB from BBB-minus. The
outlook is stable.
The agency cited continued growth in Iceland's economy, with
budget consolidation on track and a drop in the ratio of public
debt to the economy, as well as other signs of improvement.
Moody's Investors Service last week raised the country's
sovereign outlook to stable from negative. Moody's rates the
Standard & Poor's rates the country BBB-minus with a stable
(Reporting By Daniel Bases, Caryn Trokie and Luciana Lopez;
Editing by Chizu Nomiyama)