Bifogade filer
RatingsDirect OutlooksRevisedOnThreeIcelandicBanksOnRecedingEconomicImbalances
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Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Bank |
2023-11-17 13:59:00
S&P global ratings has today affirmed the rating for Arion Bank and revised the outlook to stable from negative
S&P Global Ratings assessment on economic risk facing Iceland´s banks are receding in tandem with a stabilizing housing market and unwinding private sector leverage and therfore see´s the economic risk trend as positive.
S&P expect Iceland will continue to post solid growth following an already substantial recovery from the pandemic-induced recession, with GDP growth of 3.8% in 2023 and averaging 2.5% in 2024-2026.
S&P expects the industry risks affecting the banking sector as broadly stable, with incumbent banks remaining profitable and well-capitalized.