Islandsbanki recently announced amendments to its original agreement with Glitnir Bank. As part of the changes, Glitnir will relinquish to the government of Iceland all of its shares in ISB Holding, which owns 95% of shares in Islandsbanki. We are affirming our 'BBB-/A-3' counterparty credit ratings on Islandsbanki. The outlook remains stable. On Oct. 28, 2015, Standard&Poor's Ratings Services affirmed its 'BBB-' long-term and 'A-3' short-term counterparty credit ratings on Iceland-based bank Islandsbanki hf. The outlook remains stable. Islandsbanki recently announced amendments to its original agreement with Glitnir Bank. As part of the changes, Glitnir will relinquish to the government of Iceland all of its shares in ISB Holding ehf., which owns 95% of shares in Islandsbanki. With
