S&P Global Ratings revises rating outlook from stable to positive

March 21, 2019

S&P Global Ratings has revised its outlook on Landsvirkjun to positive from stable and affirmed 'BBB/A-2' long- and short-term corporate credit ratings with and without the state guarantee.

According to S&P Global Ratings, the revised outlook is based on the positive trend in the operations of Landsvirkjun, including increased financial strength and decreased market risk. The positive outlook reflects the possibility of an upgrade within the next two years if Landsvirkjun sustains its improved financial position.

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