Standard & Poor’s credit rating agency has affirmed Landsvirkjun‘s credit ratings at BBB-/A-3. The ratings apply to long- and short-term commitments with and without the guarantee of collection.
Concurrently, Standard & Poor’s has raised the company’s stand-alone credit profile (SACP) to bb-from b+. The revised rating reflects the consistent strengthening in Landsvirkjun’s credit measures, in particular the success in reducing leverage
.
Outlook is stable.
Reykjavik, August 4, 2016
For further information please contact Magnús Þór Gylfason, Director of Corporate Communications. Phone nr. +354 515 9000, email: Magnus.Thor.Gylfason@landsvirkjun.is