Moody's: Israel Electric view stable

Moody's Investors Service said it changed the outlooks on the Baa3 senior secured ratings assigned to Israel Electric Corp. Ltd. and the provisional Baa3 provisional rating of its $5 billion global medium-term note program to stable from negative.

This follows the strengthening of its cash flow and liquidity positions. Concurrently, these ratings were affirmed.

Moody's said the outlook changes reflect the improvement in Israel Electric's financial position, which is evidenced by growth in reported cash flow and the company's enhanced liquidity position, as shown in its reported results for the nine months to Sept. 30.

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