Landsbanki Islands US$30 million FRN Rtd A+ by S&P - S&P Credit Research

Landsbanki Islands US$30 million FRN Rtd A+ by S&P

622 words — Published Dec 06, 1996
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Abstract:

LONDON -- Standard&Poor's CreditWire 12/6/96 -- Standard&Poor's today has assigned its single-`A'-plus rating to Landsbanki Islands' US$30 million 15-year subordinated floating rate note (FRN). The outlook on the rating is stable. The rating is based on the strong explicit and implicit support of the government of Iceland, and thus equals the Republic's long-term foreign currency sovereign rating. All of Landsbanki's obligations, including the FRN being rated, are irrevocably guaranteed under statute by the government. The rating also reflects Landsbanki's economic and political importance as the largest commercial bank in the country and its prominent market position, with about 40% of total financial system deposits and about 20% of total system credit. Landsbanki has operated under full

  
Brief Excerpt:

RESEARCH Ratings Definitions Landsbanki Islands US$30 million FRN Rtd A+ by S&P Publication date: 06-Dec-1996 LONDON -- Standard & Poor's CreditWire 12/6/96 -- Standard & Poor's today has assigned its single-`A'-plus rating to Landsbanki...

  
Report Type:

Ratings Action

Ticker
5732Z
Issuer
Landsbanki Islands
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
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MLA:
S&P Credit Research. "Landsbanki Islands US$30 million FRN Rtd A+ by S&P" Dec 06, 1996. Alacra Store. Oct 22, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Landsbanki-Islands-US-30-million-FRN-Rtd-A-by-S-P-78905>
  
APA:
S&P Credit Research. (). Landsbanki Islands US$30 million FRN Rtd A+ by S&P Dec 06, 1996. New York, NY: Alacra Store. Retrieved Oct 22, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Landsbanki-Islands-US-30-million-FRN-Rtd-A-by-S-P-78905>
  
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