Fitch Upgrades Orkuveita Reykjavíkur to BB+ With Stable Outlook

| Source: Orkuveita Reykjavíkur Orkuveita Reykjavíkur

Fitch Ratings has upgraded Orkuveita Reykjavikur‘s (OR; Reykjavík Energy) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BB'. The Outlook is Stable.

OR intends to publish its consolidated financial statements 2018 tomorrow, March 8th 2018, along with an integrated annual report.

Contact:
Ingvar Stefansson
CFO
+354 516 6100