S&P maintains Rafael’s A- international credit rating with a stable horizon

Highest credit rating ever given to an Israeli company

Yoav Har-EvenTel Aviv, January 13, 2021 – Rafael Advanced Defense Systems Ltd. announces that its A- international credit rating has been ratified by S&P Global Rating company with a stable horizon. The international A- 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.

As a basis for its decision, S&P has referred to Rafael’s excellent technological capabilities and the manufacturing of systems that surpass their competition. It also referred to Rafael’s position as a prime provider of defense systems which shares its knowledge and technology externally.

Rafael’s field-proven solutions are unique among their kind, and hold a strategic value for the State of Israel.  

In the last few weeks, Rafael has reported that it has 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 FY 2020.

Rafael’s President and CEO, Mr. Yoav Har-Even: “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.”

About Rafael

Rafael Advanced Defense Systems Ltd. designs, develops, manufactures and supplies a wide range of high-tech defense systems for air, land, sea, and space applications for the Israel Defense Forces and the Israeli defense establishment, as well as for customers around the world. The company offers its customers a diversified array of innovative solutions at the leading edge of global technology, from underwater systems through naval, ground, and air superiority systems to space systems. Rafael is one of Israel’s three largest defense companies, and employs 8,000 people and numerous subcontractors and service suppliers, including in the United States. Please consult Rafael’s online site at www.rafael.co.il.

For more information, please contact Ishai David at ishaid@rafael.co.il

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