31.07.2015 22:40:00
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Faroe Islands, Government of -- Moody's changes outlook on Faroe Islands' Aa3 rating to stable from negative; affirms Aa3 rating
London, 31 July 2015 -- Moody's Public Sector Europe (MPSE) has today changed the outlook to stable from negative on the Aa3 issuer rating of the Government of Faroe Islands and affirmed the rating. Today's rating action reflects the Faroe Islands' steady progress toward budgetary consolidation. The main factors contributing to the stabilization of the outlook are: