CDS - Icelandic banks lurch wider before staging recovery

  • 24 Feb 2006
Citing "an unsustainable current account deficit and soaring internal indebtedness", rating agency Fitch this week revised its outlook on Iceland's foreign currency debt to negative from stable and, alongside a decline of 7% in the value of the króna, there was a marked sell-off in Icelandic credit in ...

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