Global Aging 2010: Iceland Feb 11
Standard & Poors, February 2011
Abstract
Iceland (foreign currency BBB-/Negative/A-3; local currency BBB/Negative/A-3) currently has one of the highest population growth rates in Europe, but it is projected to decelerate in the next few decades, which would result in a higher old-age dependency ratio. We expect total age-related public expenditures as a percent of GDP in Iceland to increase by over 10 percentage points to a moderate 26% of GDP by the end of 2050. However, if government doesn't any undertake reforms, our projections also show that net debt as a percentage of GDP will reach 211% of GDP by then. In our view, streamlining the health care system would have the most impact on the old-age-related expenditure and on public finances in the coming decades....
Companies mentioned in this report are: Iceland (Republic of)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Iceland (Republic of)
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
