by Tessa Wilkie and Chilli Wutte
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Iceland and Ireland could be set for further boosts from the rating agencies, according to the latest Euromoney Country Risk survey.
Iceland’s score indicates it is fast closing on tier-two status – which implies a credit rating of A- to AA. Jeremy Weltman, economist at MJEconomics and ECR, predicts that an upgrade for the Baa3/BBB/BBB- rated sovereign is imminent.
“Euromoney’s survey data suggest Iceland should soon be A-rated,” says Weltman. “It is only two places and less than four points below tier two and moreover sandwiched between two A-grades, Malaysia and China.
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