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

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

Landsbanki Islands US$30 million FRN Rtd A+ by S&P - S&P Global Ratings’ Credit Research
Landsbanki Islands US$30 million FRN Rtd A+ by S&P
Published Dec 06, 1996
Published Dec 06, 1996
Price US$ 150.00  |  Buy this Report Now

About This Report

  
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

  
Report Type:

Ratings Action

Ticker
5732Z
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Landsbanki Islands US$30 million FRN Rtd A+ by S&P" Dec 06, 1996. Alacra Store. Sep 28, 2016. <http://www.alacrastore.com/s-and-p-credit-research/Landsbanki-Islands-US-30-million-FRN-Rtd-A-by-S-P-78905>
  
APA:
S&P Global Ratings’ Credit Research. (). Landsbanki Islands US$30 million FRN Rtd A+ by S&P Dec 06, 1996. New York, NY: Alacra Store. Retrieved Sep 28, 2016 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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