Reykjavik, 2015-12-21 18:40 CET (GLOBE NEWSWIRE) -- Fitch Ratings has affirmed Orkuveita Reykjavikur‘s (OR, Reykjavik Energy) long-term issuer rating at BB- with a stable outlook. Among the factors, Fitch mentions in the company’s reasoning is strong EBITDA for the regulated part of the business while market risks are still present. In the attached release, Fitch says the stable outlook takes into account OR’s strong performance against its existing five-year business plan and improved economic growth prospects in Iceland.
Contact:
Eiríkur Hjálmarsson
Head of Communications
eirikur.hjalmarsson@or.is
