Reitun changes outlook to positive on Orkuveita Reykjavikur’s rating


Reykjavik, 2015-01-19 14:37 CET (GLOBE NEWSWIRE) -- Icelandic rating company Reitun has improved the outlook in Reykjavik Energy‘s (Orkuveita Reykjavikur-RE) i.A3 credit rating from with stable outlook to positive outlook. The main reasons for higher rating, according to Reitun‘s attached release (only available in Icelandic), are; continued strengthening of finances, success in the implementation of The Plan,  series of actions initiated in 2011 and extend through year 2016.

         Contact:
         Ingvar Stefansson
         CFO
         +354 516 6000


Attachments

Lánshæfismat Reitunar - Orkuveitan janúar 2015.pdf