S&P re­vises cred­it rat­ing out­look from stable to pos­it­ive

S&P’s announcement states that the positive outlook reflects potential uplift for additional loss-absorbing capacity (ALAC) in the Bank’s credit rating if it continues its issuance of ALAC-eligible debt beyond S&P’s threshold of 4% of risk-weighted assets, as calculated in accordance with S&P’s methodology.

Among the grounds for its decision, S&P notes that Landsbankinn was the first Icelandic bank to issue senior-non preferred bond, demonstrating sound market access and investor appetite for the issuance.

S&P’s announcement