S&P revises Landsvirkjun’ s ratings outlook to positive

S&P Global Ratings has revised Landsvirkjun’s rating outlook to positive from stable and affirmed the company’s A-/A-2 credit ratings.

According to S&P, the outlook revision reflects the recent improvement in the outlook on Iceland earlier this month and reflects S&P’s view of the continued very high likelihood of government support for Landsvirkjun if needed.

S&P views Landsvirkjun’s operations to be solid and expects the company’s financial position to remain strong in the coming years. S&P also highlights that Landsvirkjun continues to play a strategically important role in Iceland’s economy, generating over 70% of the country’s electricity.