Fitch Ratings today downgraded Landsbanki's long-term Issuer Default Ratings (IDR) to 'BBB' from 'A', short-term IDR to 'F3' from 'F1', and individual rating at 'C' from 'B/C'. All credit ratings have been placed on rating watch negative. The long-term IDR for the bank's UK subsidiary, Landsbanki Heritable Bank was also downgraded to 'BBB' from 'A', short-term IDR to 'F3' from 'F1', and individual rating affirmed at 'C'. All credit ratings have been placed on rating watch negative. For further information on the rating action, please refer to the attached press release from Fitch. For further information please contact: Landsbanki's CEOs Sigurjón Th. Árnason, tel. +354 410-4009 / +354 898 0177 and Halldór J. Kristjánsson, tel. +354 410 4015 / +354 820 6399 or Brynjólfur Helgason, Alternate CEO and MD International Banking. Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.
Fitch Downgrades Landsbanki to BBB / F3 / C
| Quelle: Landsbanki Íslands hf.