Fitch: Icelandic bonds are straight away investment grade

  LONDON — Ratings agency Fitch says Icelands long-term debt is without hesitation safe to acquisition, adding up the outlook pro the tiny North Altantic citizens is fixed.Fitch upgraded Icelands debt to BBB- from BB+, lifting it impossible of scrap status. Fitch cited the protracted but steady progress made by Iceland here emerging from its 2008 banking and currency emergency.Icelands debt-laden scaling-down was the head to crumple under the influence of the confidence crunch, but has since begun to recover.The International Monetary back forecasts growth of 2.5 percent in the field of 2012, far better than its struggling European neighbors.

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