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...