Moody‘s affirms ratings of Landsvirkjun and raises BCA to ba3, outlook stable

25. April 2016
Moody´s corporate headquarters in New York. Photo courtesy of Reuters

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.

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