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S&P keeps Israel Electric on negative watch
Standard & Poor's said it kept its BB+ foreign currency long-term corporate credit rating on Israel Electric Corp. Ltd. on CreditWatch with negative implications, where we placed it on April 5.
The ongoing CreditWatch placement reflects S&P's view that recent statements by the State of Israel (foreign currency A+/stable/A-1; local currency AA-/stable/A-1+) of its commitment to provide funding to the company have not yet translated into full and timely liquidity support.
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