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Company Rating
The Ma'alot Rating, 02/07/2006

In July 2005 (and reconfirmed in Sep. 2006) ,the company obtained an A+ Rating from Ma’alot (an S&P affiliate in Israel).

Main consideration to the rating:

- Business and financial risk – lower than average

- Positioning – higher than average

- Qualitative management

- A policy of conservative investments

- Liquidity and debt coverage levels – higher than average

- As a subsidiary of Electra Ltd. and a part of the Elco Group, the company enjoys  

   strong financial and managerial backings

Rating 7/2006 (Heb)
The Ma'alot Rating, 11/09/2006

Ma'alot reconfirmed there rating for the company.
Rating 9/2006 (Heb)
The Ma'alot Rating, 10/08/2008

Ma'alot decrease the rating for the company to A/Negative.
Rating 8/2008 (Heb)
The Ma'alot Rating, 21/06/2009

Ma'alot including the company un Credit Watch Negative List
Rating 6/2009 (Heb)
The Ma'alot Rating, 29/09/2009

Ma'alot decrease the rating for the company to A-/Negative.
Rating 9/2009 (Heb)