Partner Communications Announces That S&P Maalot Has Reaffirmed the Company's ilA+ Credit Rating and Updated the Company's Rating Outlook to Stable
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 "negative" to "stable". In addition, Maalot reaffirmed the 'ilA+' rating of the Company's series of debentures.Maalot noted that the main rating action rationale are:"Maalot's assessment that the Company’s business and financial risk profile are commensurate with the current rating. The Company will continue to maintain its competitive position in the communications market and present financial ratios in line with the current rating despite the coronavirus pandemic and continued decline in mobile network revenues. However, Partner’s expansion in TV services and fiber optic i
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