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Local Currency Outlook on Landsvirkjun Revised to Negative; AA+/A-1+ Ratings Affirmed Dec 99 Product Image

Local Currency Outlook on Landsvirkjun Revised to Negative; AA+/A-1+ Ratings Affirmed Dec 99

  • Published: December 1999
  • Standard & Poors

Abstract
LONDON (Standard & Poor's CreditWire) Dec. 21, 1999--Standard & Poor's today revised its local currency outlook on Landsvirkjun, the Icelandic transmission and electricity generation company, to negative from stable. At the same time, Standard & Poor's affirmed its double-'A'-plus long-term local currency issuer credit and senior unsecured debt ratings, its single-'A'-plus long-term foreign currency issuer credit and senior unsecured debt ratings, and its 'A-1'-plus short-term local currency and foreign currency ratings on Landsvirkjun. The foreign currency outlook is positive, mirroring that of the Republic of Iceland (local currency double-'A'-plus/Stable/'A-1'-plus; foreign currency single-'A'-plus/Positive/'A-1'-plus). The local currency outlook revision reflects the fact that, although Standard & Poor's regards the implied state support for Landsvirkjun as strong, the utility's stand-alone credit quality may...

Companies mentioned in this report are: Landsvirkjun,Iceland (Republic of)
Action: Outlook Revised

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Landsvirkjun,Iceland (Republic of)

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