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Stock impact report

Partner Communications Announces That S&P Maalot Has Reaffirmed the Company's ila+ Credit Rating and Updated the Company's Rating Outlook to Negative

Partner Communications Company Ltd. - American Depositary Shares, each representing one ordinary share (PTNR) 
US:NASDAQ Investor Relations: partner.co.il/ir-en
Company Research Source: Business Wire
ROSH HA'AYIN, Israel--(BUSINESS WIRE)--Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator reports today that Standard & Poor’s Global Ratings Maalot Ltd. (“Maalot”), has published a rating report regarding the Company. In its report, Maalot reaffirmed the Company’s 'ilA+' credit rating and updated the Company's rating outlook from "stable" to "negative". In addition, Maalot reaffirmed the 'ilA+' rating of the Company's series of debentures.In accordance with the Maalot report, the negative outlook reflects Maalot's assessment that the intense competition in the entire telecommunications market will continue in 2019-2020, and an additional erosion will occur in the Company's operating performance that will lead to adjusted profitability (EBITDA margin), below 20%. In addition, the Company's extensive investments in the fiber optics project might, in their assessment, lead to low to negative free cash f Show less Read more
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