LONDON (Thomson Financial) - RGI International Ltd. said it has obtained a
local credit rating from Standard & Poor's Maalot -- the wholly-owned Israeli
subsidiary of S&P -- of 'BBB+' with a negative outlook for its bonds, which are
redeemable in three equal annual instalments on Nov. 30 2010, 2011 and 2012 and
bear a semi annual coupon.
The AIM-listed property developer said the current rating is identical to
the previous rating it received for the placement of the Series A bonds, with
the exception of the outlook, which has been reduced to negative from stable.
This change reflects the impact of the general crisis in global credit markets
on real estate markets around the world.
TFN.newsdesk@thomson.com
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