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S&P Credit Research1083 word report
published Oct 07, 2008
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S&P Credit Research
| Abstract: | On Oct. 7, 2008, Standard&Poor's Ratings Services lowered its long- and short-term foreign currency ratings on Iceland-based electricity generation and transmission company Landsvirkjun to 'BBB/A-3' from 'A-/A-2' and its local currency ratings to 'BBB+/A-2' from 'A+/A-1'. At the same time, Standard&Poor's removed its long-term ratings from CreditWatch, where they were placed on Sept. 30, 2008, with negative implications. In addition, Standard&Poor's lowered its foreign currency senior unsecured debt ratings on Landsvirkjun to 'BBB' from 'A-'. The outlook is negative. The rating actions follow yesterday's downgrade of the Republic of Iceland (foreign currency BBB/Negative/A-3; local currency BBB+/Negative/A-2). (Please refer to the article titled "Research Update: Republic of Iceland Ratings Lowered And Removed From CreditWatch Negative"
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Landsvirkjun Ratings Cut To FC '###/A-3', LC '###+/A-2', Outlook Negative On Iceland Downgrade Publication date: 07-Oct-2008 Primary Credit Analyst: Karin Erlander, London (44) 20-7176-3584;...
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| Report Type: | Research Update
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| Ticker: | 1000Z@IR
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| Issuer: | Landsvirkjun
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| GICS: | Electric Utilities (55101010)
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| Sector: | Electric, Global Issuers, Utilities
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| Country: | Iceland
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| Region: | Europe, Middle East, Africa
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Landsvirkjun $400.00
A "very high" likelihood of timely and sufficient extraordinary support from Landsvirkjun's owners, the Republic of Iceland, in case of financial distress. Dominant position in the Icelandic electricity market as the largest generator and the ...
- Summary: Landsvirkjun $175.00
The 'BB' ratings on Iceland-based 100% state-owned utility Landsvirkjun reflect Standard&Poor's Ratings Services' opinion that there is a "very high" likelihood that the Republic of Iceland (foreign currency BBB-/Negative/A-3; local currency ...
- Summary: Landsvirkjun $175.00
The 'BB' ratings on Iceland-based 100% state-owned utility Landsvirkjun reflect Standard&Poor's Ratings Services' opinion that there is a "very high" likelihood that the Republic of Iceland (foreign currency BBB-/Negative/A-3; local currency ...
- S&PCORRECT: Iceland-Based Utility Landsvirkjun's $2.5 Billion Euro Medium-Term Note Program Placed On Watch Negative $100.00
London (Standard&Poor's) June 17, 2009--Standard&Poor's Ratings Services today corrected an administrative error relating to its 'A-3' short-term rating on Iceland-based utility Landsvirkjun's $2.5 billion senior unsecured euro medium-term ...
- Ratings On Iceland-Based Utility Landsvirkjun On CreditWatch Negative Due To Weak Liquidity And Business Outlook $100.00
LONDON (Standard&Poor's) May 8, 2009--Standard&Poor's Ratings Services said today that it placed its 'BBB-' long-term and 'A-3' short-term foreign and local currency corporate credit ratings on Iceland-based utility Landsvirkjun on CreditWatch ...
- Research Update: Ratings On Iceland-Based Utility Landsvirkjun On CreditWatch Negative Due To Weak Liquidity And Business Outlook $175.00
On May 8, 2009, Standard&Poor's Ratings Services placed its 'BBB-' long-term and 'A-3' short-term foreign and local currency corporate credit ratings on Iceland-based utility Landsvirkjun on CreditWatch with negative implications. The CreditWatch ...
- Landsvirkjun Local Currency Rating Cut To 'BBB-' On Weaker Sovereign; Outlook Negative $100.00
LONDON (Standard&Poor's) Dec. 18, 2008--Standard&Poor's Ratings Services said today that it lowered its long-term and short-term local currency ratings on Iceland-based electricity generation and transmission company Landsvirkjun to 'BBB-' ...
- Research Update: Landsvirkjun Local Currency Rating Cut To 'BBB-' On Weaker Sovereign; Outlook Negative $175.00
On Dec. 18, 2008, Standard&Poor's Ratings Services lowered its long-term and short-term local currency ratings on Iceland-based electricity generation and transmission company Landsvirkjun to 'BBB-' and 'A-3', respectively, from 'BBB+' and ...
