Moody‘s Investors Service has affirmed Landsvirkjun‘s credit ratings at Baa2 with the guarantee of collection and Ba1 without the guarantee of collection.
Concurrently, Moody’s has raised the company’s baseline credit assessment (BCA) to ba3 from b1. The revised rating reflects the material strengthening in Landsvirkjun’s financial profile, reduced market risk and the consequent reduction in the volatility of profit and cash flows.
All ratings have a stable outlook.
Reykjavik, April 25, 2016
For further information please contact Rafnar Larusson, CFO Phone nr. +354 515 9000 or by email: rafnar@lv.is