Landsvirkjun -- Moody's revises Landsvirkjun outlook to positive from stable

London, 04 May 2015 -- Moody's Investors Service, (Moody's) has today revised Landsvirkjun's rating outlook to positive from stable. Concurrently, Moody's has affirmed all the company's un-guaranteed ratings, including the (P)Ba2/(P)NP ratings of the $1 billion EMTN programme and the company's Ba2 senior unsecured debt ratings. In addition Moody's has affirmed the (P)Baa3/(P)P-3 backed senior unsecured rating of the $2.5 billion EMTN programme and the Baa3 ratings of the debt issued thereunder, all benefitting from a guarantee of collection from the Government of Iceland (Baa3 stable).

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