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- S&P Maalot has rated IAI, its highest ranking, ilAAA – the highest in the company’s history
S&P Maalot has rated IAI, its highest ranking, ilAAA – the highest in the company’s history
Jul 13, 2023“The company continues to achieve strong operational performance” “This is due to an improvement in the company’s business results”
S&P Global Ratings Maalot today announced that it is raising its local rating for IAI to the maximum, namely ilAAA, and its international rating to BBB+, due to the improvement in IAI’s business results, and stable forecast.
S&P Maalot noted that “IAI continues to deliver strong operational results, and its backlog of orders reached a record US$16.5 billion.”
The authors of the report believe that “the public share offering is only a matter of time” and added that “the current plan involves issuing 25% of the company’s equity to the public, with the resulting income shared between the company and the State of Israel. Of this sum, some US$600-700 million will be added to the company’s cash holdings, and the remainder will go to the state.”
S&P Maalot added that IAI success is due to its experienced and specialist personnel enabling it to implement its projects on time and within budget and noted the considerable importance of the company to the State of Israel, thanks to the wide range of its military products required by the Defense Ministry.
