Landsvirkjun - Company Announcement

Moody‘s affirms ratings of Landsvirkjun and raises BCA to ba3, outlook stable

Moody‘s Investors Service has affirmed Landsvirkjun‘s credit ratings at Baa2
with the guarantee of collection and Ba1 without the guarantee of collection. 

Concurrently, Moody’s has raised the company’s baseline credit assessment (BCA)
to ba3 from b1. The revised rating reflects the material strengthening in
Landsvirkjun’s financial profile, reduced market risk and the consequent
reduction in the volatility of profit and cash flows. 

All ratings have a stable outlook.

Reykjavik, April 25, 2016

For further information please contact Rafnar Larusson, CFO Phone nr. +354 515
9000 or by email: rafnar@lv.is