Moody’s confirms Energean notes

Moody's Investors Service said it confirmed the Ba3 ratings on the senior secured notes issued by Energean Israel Finance Ltd. The outlook is negative.

Previously, the ratings were on review for downgrade. These actions conclude the review for downgrade started on Oct. 23, the agency said.

“Today's rating action takes account of Energean Israel's continued strong operational and financial performance with no material negative impact of the conflict between Hamas and Israel to date. However, it also considers the persistent downside risks to Energean Israel stemming from the increased geopolitical risk and military activity, which could adversely impact the company's operations,” Moody’s said in a press release.

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