SOURCE: Glitnir

January 30, 2008 09:46 ET

Moody's Reviews Glitnir's Rating for Possible Downgrade

REYKJAVIK, ICELAND--(Marketwire - January 30, 2008) - Moody's Investors Service announced today that they have placed on review for possible downgrade the Aa3 long-term rating and C bank financial strength rating ("BFSR") of Glitnir banki hf. Glitnir's P-1 short term rating was affirmed.

According to the release the three largest Icelandic commercial banks, have now been placed on review for possible downgrade.

Moody's announcement is attached:

Press release (PDF) -- http://hugin.info/133924/R/1186696/237842.pdf

Moody's announcement (PDF) -- http://hugin.info/133924/R/1186696/237845.pdf



http://www.glitnirbank.com

Contact Information

  • For further information contact:

    Ingvar H. Ragnarsson
    Managing Director, Treasury
    phone +354 440 4665
    mobile +354 844 4665
    e-mail: ingvar.ragnarsson@glitnir.is

    Vala Pálsdóttir
    Head of IR
    phone: +354 440 4989
    mobile: +354 844 4489
    e-mail: vala.palsdottir@glitnir.is

    Bjørn Richard Johansen
    Managing Director, Corporate Communication
    mobile +47-47 800 100
    e-mail: brj@glitnir.no