S&P views Energean Israel negatively

S&P said it changed its outlook for Energean Israel Finance Ltd. to negative from stable and affirmed its BB- rating on its senior secured notes. The recovery rating is unchanged at 2.

“The negative outlook reflects the risk of a potential adverse impact stemming from the war between Hamas and Israel. The outlook revision primarily reflects the material escalation in geopolitical and security risks that Israel faces from the ongoing war with Hamas in the Gaza Strip,” S&P said in a press release.

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