Credit Rating

New York City Comptroller Mark Levine reversed his campaign promise to resume municipal pension investments in Israel bonds, citing technical and financial constraints.

Fitch Ratings maintains Israel's credit rating outlook at negative due to rising public debt and war risks, warning of potential growth impacts.

Vitania's planned acquisition of Benny Landa's stake in a Ness Ziona project faces a negative credit rating review by Midroog due to mounting debt and tax liabilities, despite securing a major lease agreement with Elbit Systems.

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.