S&P revises Landsvirkjun’ s rating outlook to positive

Group 1 - S&P Global Ratings has revised Landsvirkjun's rating outlook to positive from stable and affirmed the company's A-/A-2 credit ratings [1] - The outlook revision reflects the recent improvement in the outlook on Iceland and indicates a very high likelihood of government support for Landsvirkjun if needed [1] Group 2 - S&P views Landsvirkjun's operations as solid and expects the company's financial position to remain strong in the coming years [2] - Landsvirkjun plays a strategically important role in Iceland's economy, generating over 70% of the country's electricity [2]