S&P maintains Rafael's A- international credit rating
The highest ever international rating given to an Israeli company was maintained for the fourth consecutive year
IsraelDefense
| 15/01/2021
CEO Yoav Har-Even. Photo: Rafael
Rafael Advanced Defense Systems said Wednesday that its A- international credit rating has been ratified by S&P Global Rating company with a stable horizon. The international ranking is the highest that an Israeli company has ever received, and indicates financial stability, managerial quality and technological achievements.
S&P examined Rafael's financial, managerial and technological achievements in 2020, and decided to maintain the company's AAA Israeli ranking, and an A- international ranking for the fourth year in a row, Rafael said.
According to Rafael, as a basis for the decision, S&P referred to Rafael's technological capabilities and manufacturing of systems, as well as to Rafael's position as a provider of defense systems which shares its knowledge and technology externally.
Rafael says its field-proven solutions are unique among their kind and hold strategic value for the State of Israel.
In the last few weeks, Rafael has reported that it received a number of orders from international customers, including an order by an Asian nation in the amount of $200 million for its SPICE air-to-surface munitions, Spike tactical missiles, and for its Bnet software-defined radio communication systems, meeting all of its financial goals for financial year 2020.
Rafael's President and CEO, Yoav Har-Even, said "We are proud of the way we maintained our financial robustness and stability throughout this challenging and uncertain period. This will allow us to continue to be a growth engine, a major pillar in the security of the State of Israel and a trusted provider of the most high-end technology to our partners around the world."
The highest ever international rating given to an Israeli company was maintained for the fourth consecutive year
CEO Yoav Har-Even. Photo: Rafael
Rafael Advanced Defense Systems said Wednesday that its A- international credit rating has been ratified by S&P Global Rating company with a stable horizon. The international ranking is the highest that an Israeli company has ever received, and indicates financial stability, managerial quality and technological achievements.
S&P examined Rafael's financial, managerial and technological achievements in 2020, and decided to maintain the company's AAA Israeli ranking, and an A- international ranking for the fourth year in a row, Rafael said.
According to Rafael, as a basis for the decision, S&P referred to Rafael's technological capabilities and manufacturing of systems, as well as to Rafael's position as a provider of defense systems which shares its knowledge and technology externally.
Rafael says its field-proven solutions are unique among their kind and hold strategic value for the State of Israel.
In the last few weeks, Rafael has reported that it received a number of orders from international customers, including an order by an Asian nation in the amount of $200 million for its SPICE air-to-surface munitions, Spike tactical missiles, and for its Bnet software-defined radio communication systems, meeting all of its financial goals for financial year 2020.
Rafael's President and CEO, Yoav Har-Even, said "We are proud of the way we maintained our financial robustness and stability throughout this challenging and uncertain period. This will allow us to continue to be a growth engine, a major pillar in the security of the State of Israel and a trusted provider of the most high-end technology to our partners around the world."
