Middle East Economic Survey
VOL. XLVIII
No 18
2-May-2005
ISRAEL
S&P Assigns Delek & Avner Yam Thetis Debt BBB- Rating
Ratings agency Standard & Poors (S&P) on 22 April assigned a BBB- rating with stable outlook to the $275mn senior secured notes issued by Israel-based Delek & Avner Yam Thetis, consolidating the preliminary rating issued earlier in February (MEES, 28 February). The notes, which mature on 1 August 2013, were issued in two tranches: a $175mn 5.326% fixed-rate...
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