Kvika banki hf.: Moody’s places Kvika Banki’s ratings on review for upgrade

Core Viewpoint - Moody's Ratings has placed Kvika Banki hf.'s deposit and issuer ratings on review for upgrade due to proposed merger talks with Arion Banki hf. and Íslandsbanki hf. [1] Group 1 - The rating action by Moody's follows announcements from Arion Banki hf. and Íslandsbanki hf. regarding their intention to initiate merger discussions with Kvika [1] - No decision has been made by Kvika's board of directors regarding the next steps in the merger discussions [1]