Credit Rating

Rating agency Midroog has placed five series of Nofar bonds under review following objections from the Israel Securities Authority regarding the company's financial reporting. The regulator claims that Nofar has breached financial covenants, potentially granting bondholders the right to demand immediate repayment.

S&P Maalot has affirmed the 'ilAA' credit rating for the Shufersal Group with a stable outlook. Analysts highlighted that the growth and efficiency strategy led by co-CEOs Yossi and Shlomi Amir continues to bolster the company's business profile.