Landsvirkjun Secures A- Credit Rating With Upgraded Profile
Landsvirkjun’s Credit Rating Affirmation by S&P
S&P Global Ratings recently confirmed that Landsvirkjun maintains its A- credit rating, indicating a stable outlook. This affirmation provides assurance to investors and stakeholders regarding the company's financial integrity and operational capacity. Additionally, there's an upgrade in the stand-alone credit profile (SACP) from bb+ to bbb-. This enhancement is a result of a comprehensive reassessment of Landsvirkjun's business risk profile, which now stands as satisfactory instead of merely fair.
Factors Behind the Credit Rating Upgrade
The upgrade reflects significant strengths in Landsvirkjun’s operational strategy. The company boasts an efficient and diversified generation fleet that has allowed it to secure a robust position within the market. Moreover, its well-structured long-term contracts contribute to a predictable income stream, which is vital for financial stability.
Future Outlook for Landsvirkjun
S&P’s affirmation underlines a strong confidence in Landsvirkjun’s ability to sustain credit metrics that justify its existing rating. Furthermore, the company is well-equipped to execute its large-scale investment programs effectively and efficiently, ensuring that it can enhance its capabilities while maintaining adequate liquidity levels. This strategic approach is essential for facing future challenges and leveraging opportunities in the energy sector.
Contact Information for Inquiries
For additional insights or queries regarding Landsvirkjun's financial strategies, Rafnar Lárusson, the CFO, is available for contact. Potential investors or interested parties can reach out via phone at +354 515 9000 or by email at rafnar@lv.is.
Frequently Asked Questions
What is Landsvirkjun's current credit rating?
Landsvirkjun has an A- credit rating affirmed by S&P Global Ratings.
What does the upgrade in the stand-alone credit profile signify?
The upgrade from bb+ to bbb- indicates a stronger business risk profile for Landsvirkjun, suggesting improved operational stability.
How does Landsvirkjun’s energy generation strategy impact its rating?
The company's diversified generation fleet and long-term contract structure contribute significantly to its market position and financial stability.
Who can I contact for more information about Landsvirkjun?
Rafnar Lárusson, the CFO, is the point of contact for more details, reachable at +354 515 9000 or via email at rafnar@lv.is.
What are prospects for Landsvirkjun's investment program?
With a robust credit rating and a strategic approach, Landsvirkjun is well-positioned to execute its large-scale investment initiatives effectively.
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