The American Israeli Paper Mills is studying the possibility and feasibility of raising capital through the issuance of debentures to institutional investors of up to 150 million Israeli shekels.
Therefore, the Company requested Maalot, the Israeli Securities Rating Company, affiliation of Standard and Poor's, the entity responsible for credit rating in the Israeli market, to issue a credit rating.
Maalot informed the Company that it had decided to give a rating of AA- to the possible issuance of the aforesaid debentures. The Company also announced that it received in the presence of the President of Israel, Moshe Katzav, the Minister of Environmental Protection Shield for outstanding industrials, for the year 2002. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
