trending Market Intelligence /marketintelligence/en/news-insights/trending/mo-sV-un1_81OYIk-GCRYw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

S&P revises outlook on Icelandic power generator Landsvirkjun to positive

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico

S&P revises outlook on Icelandic power generator Landsvirkjun to positive

S&P Global Ratings on March 21 changed its outlook on Landsvirkjun to positive from stable, citing the Icelandic power generator's reduced exposure to relatively volatile aluminum prices over the past few years.

The company's contracts with its customers were mostly indexed to the price of aluminum, resulting to earnings volatility. According to S&P Global Ratings, Landsvirkjun lowered that exposure by renegotiating power contracts to remove the link to aluminum. Now, only about 10% of the company's revenue is linked to aluminum prices, compared to about 65% in 2009.

"The outlook revision to positive indicates that we now expect Landsvirkjun to report FFO to debt of about 16% in 2019, compared with 14.6% in 2018 and 12.0% in 2017," said the rating agency, which also affirmed the company's issuer credit rating at BBB/A-2.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.