Orkuveita Reykjavíkur - Company Announcement

Fitch Affirms OR‘s Rating

Reykjavik, 2015-12-21 18:40 CET (GLOBE NEWSWIRE) -- Fitch Ratings has affirmed
Orkuveita Reykjavikur‘s (OR, Reykjavik Energy) long-term issuer rating at BB-
with a stable outlook. Among the factors, Fitch mentions in the company’s
reasoning is strong EBITDA for the regulated part of the business while market
risks are still present. In the attached release, Fitch says the stable outlook
takes into account OR’s strong performance against its existing five-year
business plan and improved economic growth prospects in Iceland. 


         Contact:
         Eiríkur Hjálmarsson
         Head of Communications
         eirikur.hjalmarsson@or.is

Bifogade filer:

Fitch Ratings - OR - Dec 2015.pdf