Skip to main content

Moody´s Ratings upgrades Landsvirkjun’s ratings to A3

Written by Customer Service on . Posted in Public Companies.

Moody´s Ratings has upgraded Landsvirkjun’ s credit rating to A3 from Baa1. The outlook has been changed to stable from positive.

This rating upgrade follows the upgrade of the sovereign long-term issuer rating of the Government of Iceland to A1 from A2 on the 20th September 2024. Landsvirkjun´s rating incorporates an uplift for potential support from its owner, the Icelandic State. This factors in Landsvirkjun’s strategic importance to Iceland, given the company’s position as the country’s dominant power generator and the role it plays in providing electricity to energy intensive users, which directly contribute to around a third of Iceland’s exports.

According to Moody´s the credit rating acknowledges the company’s strong position in the Icelandic power generation market and the strong financial profile now when Landsvirkjun is preparing new energy generation projects to meet increasing demand. 

For further information please contact Rafnar Larusson, CFO

Phone nr. +354 515 9000 or by email: rafnar@lv.is

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.