Creditors take control of Iceland's Straumur
Creditors have taken control of Straumur, the fourth-largest Icelandic bank, in the first restructuring of one of the island's lenders that collapsed in the wake of the global financial crisis.
``The recovery of the Icelandic economy is threatened by the delays in the resolution of the Icesave dispute, which constitutes an obstacle in the resumption of official and private financial flows into the country,'' Moody's analyst Kenneth Orchard said in a statement.