Credit ratings

Ratings of Icelandic Treasury bonds: Foreign currency

  Affirmed Long-term Short-term Outlook
Moody's Investors Service Apr. 2011 Baa3 P-3 Negative
Standard & Poor's Nov. 2011 BBB- A-3 Stable
Fitch Feb. 2012 BBB- B Stable
R&I - Rating of Japan Nov. 2011 BB+ Stable

Ratings of Icelandic Treasury bonds: Domestic currency

  Affirmed Long-term Short-term Outlook
Moody's Investors Service Apr. 2011 Baa3 P-3 Negative
Standard & Poor's Nov. 2011 BBB- A-3 Stable
Fitch Feb. 2012 BBB+ Stable