Research Update: Ibudalanasjodur (Housing Financing Fund) Jun 04
- ID: 2127547
- June 2004
- Standard & Poors
On June 14, 2004, Standard & Poor's Ratings Services assigned its 'A+' foreign currency and 'AA+' local currency issuer credit ratings to Ibudalanasjodur, the Housing Financing Fund (HFF) of the Republic of Iceland (foreign currency A+/Positive/A-1+; local currency AA+/Stable/A-1+). At the same time, Standard & Poor's assigned its 'A-1+' short-term rating to HFF. The ratings are the same as those on the Republic, which is the sole owner of HFF and provides an ultimate (although not a timely) guarantee of HFF's liabilities. The outlooks on HFF also match those on the Republic--positive for the foreign currency rating and stable for the local currency rating. The ratings on HFF reflect solid levels of support from the government of Iceland, as indicated...
Companies mentioned in this report are:
- Housing Financing Fund Ibudalanasjodur
- Iceland (Republic of)
Action: New Rating
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.