Fitch Affirms Reykjavík Energy‘s Credit Rating

Reykjavík Energy‘s (Orkuveita Reykjavíkur; OR) outperformance of financial forecast for 2018 is among reasons for Fitch‘s affirmation of the company‘s credit rating at BB+ with stable outlook. Fitch expects relatively stable credit metrics over 2019-2023 with marginal improvement in leverage.

Fitch‘s release is attached.

Contact:

Ingvar Stefánsson
CFO
Tel + 354 516 6100

Attachment

• Fitch Ratings Credit Update - OR - Apr 2019

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