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.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.