Israel’s Elbit Systems’ planned NIS 1.2 billion notes get local rating

By Rebecca Melvin

Concord, N.H., June 15 – Elbit Systems Ltd.’s offering of new notes is expected to be sized at NIS 1.2 billion, according to a news release.

The notes have been rated "ilAA" by S&P Global Ratings Maalot Ltd., an Israeli rating agency,.

The Maalot official rating report will be submitted to the Israel Securities Authority and the Tel Aviv Stock Exchange.

Execution, timing, terms and amount to be raised have not been finally determined and are subject to further approval of the company's board of directors, and there is no assurance that the Regulation S offering will be completed, the company said.

The international technology company is engaged in defense, homeland security and commercial programs and based in Haifa, Israel.

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