Reykjavík, 2016-06-13 23:21 CEST (GLOBE NEWSWIRE) -- Moody's Investors Service has today placed Orkuveita Reykjavikur's (OR; Reykjavík Energy) Ba3 long-term issuer rating on review for possible upgrade. According to Moody‘s attached announcement, today's rating action was driven by the potential strengthening of the Icelandic government's credit profile, as captured by Moody's review for possible upgrade of Iceland's Baa2 issuer and government bond ratings initiated on 10 June 2016.
Contact:
Brynja Kolbrún Pétursdóttir
Head of Treasury and Planning
Tel. + 354 516 6100
