27.04.2026
Arion Bank hf.: Moody’s affirms Arion Bank’s long term issuer ratings with a stable outlook following that the merger between Arion Banka and Kvika will not proceed
Moody’s Ratings affirmed Arion Bank‘s A2 long-term and P-1 short-term foreign and local currency deposit ratings, the A3 long-term foreign and local currency issuer ratings and A3 senior unsecured rating with stable outlooks on the long-term ratings.
The rating action follows the announcement from Arion Bank on April 15, 2026 that its board of directors had decided to discontinue the merger plans.
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