|
|
Article: Moody's Investors Service Upgraded the Credit Ratings of Partner Communications Company Ltd.; Senior Implied Ratings Upgraded to Ba3.
- Article from:
- Business Wire
- Article date:
- June 25, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors/High-Tech Writers
Partner Communications Company Ltd. (NASDAQ and TASE: PTNR; LSE: PCCD) today announced that Moody's Investors Service upgraded its credit ratings.
Moody's upgraded the Company's senior implied rating to Ba3 from B1, the Company's issuer rating to B2 from B3, and the Company's rating regarding its $175 million senior subordinated global notes due in 2010 to B2 from B3. Moody's also reiterated that its outlook on the Company is stable.
Commenting on the upgrades by Moody's, Partner's CFO, Mr. Alan Gelman said that "The main drivers for the ratings upgrade were (1) our solid operational and financial performance ...