PARTNER COMMUNICATIONS ANNOUNCES THAT S&P MAALOT HAS REAFFIRMED THE COMPANY'S ilA+ CREDIT RATING AND THE COMPANY'S STABLE RATING OUTLOOK

Rhea-AI Summary

Partner Communications Company Ltd. (NASDAQ: PTNR) announced that Standard & Poor's Global Ratings Maalot Ltd. reaffirmed its 'ilA+' credit rating and stable outlook. The rating applies to the Company and its series of debentures, indicating a solid financial position in the telecommunications sector. This affirmation underscores the Company’s stable creditworthiness, reflecting confidence in its operational capabilities and financial health. For additional details, the full report is accessible through a provided link.

Positive

• Reaffirmation of 'ilA+' credit rating by S&P Maalot, indicating strong creditworthiness.
• Stable rating outlook suggests confidence in financial health.

Negative

• None.

ROSH HA'AYIN, Israel, Aug. 7, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (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 the Company's "stable" rating outlook. In addition, Maalot reaffirmed the 'ilA+' rating of the Company's series of debentures.

 

For further information see S&P Maalot's full Report dated August 7, 2022 on: https://maya.tase.co.il/reports/details/1468809/2/0 or its informal English translation attached to the immediate report on Form 6-K to be furnished to the Securities and Exchange Commission.

 

About Partner Communications
Partner Communications Company Ltd. is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ: PTNR) (TASE: PTNR).

 

For more information about Partner see:
http://www.partner.co.il/en/Investors-Relations/lobby/

 

Contacts:

Mr. Tamir Amar Deputy CEO & Chief Financial Officer Tel: +972-54-781-4951

Mr. Amir Adar Head of Investor Relations & Corporate Projects Tel: +972-54-781-5051 Email: investors@partner.co.il

 

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SOURCE Partner Communications Company Ltd.

FAQ

What does the recent credit rating reaffirmation mean for PTNR?

The reaffirmation of 'ilA+' credit rating by S&P Maalot indicates a strong financial position and stability in operations for Partner Communications.

When was the credit rating report published for Partner Communications?

The credit rating report by S&P Maalot was published on August 7, 2022.

What is the outlook of Partner Communications according to the recent rating report?

The outlook for Partner Communications is classified as 'stable' by S&P Maalot.