Straumur - Burdaras hf (ICE:STRB) Fitch Rating Action On Straumur (7 Oct)

Straumur - Burdaras hf (ICE:STRB) On 7 October Fitch Ratings issued the following rating action on Straumur-Burdaras Investment Bank hf:

Long-term IDR and senior debt: downgraded to 'BB-' from 'BB+' Short-term IDR: affirmed at 'B', revised to Rating Watch Evolving Support rating: changed to '5' from '3' Support rating floor: revised to 'No Floor' Individual rating: downgraded to 'D' from 'C/D' Subordinated debt: downgraded to 'B' from 'BB'

For further details on the rating action see the attached announcement from Fitch Ratings.

For further information contact: Georg Andersen, Senior Vice President Head of Corporate Communications tel: +354 858 6707 e-mail: georg.andersen@straumur.net

Ólafur Teitur Gudnason, Vice President, Media Relations Corporate Communications tel: +354 858 6778 e-mail: olafur.gudnason@straumur.net



LINK: http://hugin.info/135778/R/1258491/274965.pdf

Straumur - Burdaras hf

http://www.straumur.net

ISIN: IS0000000644

Stock Identifier: XICE.STRB