Icelandic rating company Reitun has issued a new rating action for Orkuveita Reykjavíkur (OR; Reykjavík Energy) confirming its rating of 1.AA3 with a positive outlook.
A summary of the attached rating action (only available in Icelandic), Reitun states: “Reykjavík Energy’s management has in recent years been very successful in fortifying the company’s financial strength. Leverage has decreased as well as market risks, the company’s externalities are more favorable, key financial figures have improved, and Reykjavík Energy has god access to financing.”
Contact:
Ingvar Stefánsson
CFO
Tel. 516 6100
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