OR receives rating of i.AA3 with positive outlook by Reitun
27. aug 2018
Orkuveitan
Icelandic rating company Reitun has issued a new credit rating for Orkuveita Reykjavíkur confirming its rating of 1.AA3 with a positive outlook.
A summary of the attached rating action (only available in Icelandic), Reitun states: “Reykjavík Energy’s management has in recent years been very successful in fortifying the company’s financial strength. Leverage has decreased as well as market risks, the company’s externalities are more favorable, key financial figures have improved, and Reykjavík Energy has god access to financing.”
