Iceland Electric Co. Landsvirkjun Foreign Currency Rating Raised to 'AA-'; Outlook Stable Feb 05

  • ID: 2127002
  • February 2005
  • Region: Iceland
  • Standard & Poors
1 of 3


  • Iceland (Republic of)
  • Landsvirkjun
  • MORE

STOCKHOLM (Standard & Poor's) Feb. 10, 2005--Standard & Poor's Ratings Services said today it raised its foreign currency long-term corporate credit rating on Iceland-based electricity generation and transmission company Landsvirkjun to 'AA-' from 'A+'. At the same time, Standard & Poor's affirmed its 'AA+' long-term local currency corporate credit rating and its 'A-1+' short-term foreign and local currency corporate credit ratings on the company. The outlook is stable. The rating action followed a similar rating action on the Republic of Iceland (foreign currency AA-/Stable/A-1+, local currency AA+/Stable/A-1+); see "Republic of Iceland LT FC Rating Raised To 'AA-' On Better Financial Stability; Outlook Stable", published today on RatingsDirect, Standard & Poor's Web-based credit analysis system. "The credit ratings on Landsvirkjun reflect...

Companies mentioned in this report are:
- Landsvirkjun
- Iceland (Republic of)

Action: Affirmed
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- Landsvirkjun
- Iceland (Republic of)

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