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

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

  • Published: February 2005
  • Region: Iceland
  • Standard & Poors

Abstract
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

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Landsvirkjun,Iceland (Republic of)

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