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direct/ Glitnir (IS) - Moody´s reviews Glitnir´s rating for possible downgrade

01-30-2008 06:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Glitnir

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:

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 .

Press release (PDF)

Moody´s announcement (PDF)

http://www.glitnirbank.com

The announcement was distributed by Hugin.
The issuer is solely responsible for the content of this announcement.

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