S&P Global Ratings upgraded Landsbankinn's credit rating to BBB+ with a stable outlook.

International rating agency S&P Global Ratings upgraded Landsbankinn's credit rating to BBB+ with a stable outlook. The upgrade is based on S&P's expectations that Landsbankinn will maintain its leading domestic franchise and sound business operations, and the favourable economic outlook in Iceland. The improved rating reflects the bank's long-standing work and strong Icelandic economy.