Lánamál ríkisins - Company Announcement

Fitch Ratings upgrades Iceland to BBB+

Fitch Ratings has upgraded Iceland's Long-term foreign currency Issuer Default
Rating (IDR) to ‘BBB+' from ‘BBB‘ and upgraded its Long-term local currency IDR
to ‘A-' from ‘BBB+'  . 

The agency has also upgraded the Short-term foreign currency IDR to ‘F2' from
‘F3'and upgraded the Country Ceiling to ‘BBB+' from ‘BBB‘. The Outlooks on the
Long-term IDRs are Stable. 

Reports from Fitch in attachement.

Attachments:

IS-RAC-Jul15.pdf

IS-RAR-Jul15.pdf