18.01.2012

INGL received a credit rating Aa1 from moodys. Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.

moodys announced the Aa1 rating (one level below the maximum rating given to companies) to the bonds issued by INGL in order to finance construction national system of natural gas transmission.

Among the primary reasons the high ranking of INGL standing importance of developing the Israeli natural gas sector and the responsibility of the company to this sector. Last month, Maalot's public ratings classified INGL on a sturdy AA

The report referred to the bonds issued by INGL series A of  1.1 billion NIS, Series B of  100 m NIS  and third series, totaling 900 m NIS, most of which was issued in late 2011. Among the primary considerations in top grade stand the importance of INGL Gas Market Development and Responsibilities of INGL as the main arteries of this market. The report adds that INGL stability and high level of certainty regarding cash flow and is characterized by consistently meeting budget targets, maxims development and construction costs although their scope and complexity .

Three weeks ago INGL successfully completed a debt offering by a private bond issue to institutional investors of  500 million NIS, an interest rate of 4.8% (linked) and demand of 651 million NIS. The purpose of the offering was to raise the financing to continue construction of the natural gas transmission system of Israel, including the establishment of marine buoy absorb liquid gas off the coast of the gas line entered Jerusalem.

INGL Chairman - Ron Caimovsky: "The fact that INGL ranked by two different entities is unique and aims to continue and increase transparency in the face of capital markets and investors, who continue to express their faith  in INGL, even at times complex in the capital market."

INGL CEO - Samuel Turgeman: "Raising the ratings further positions INGL as a major player in the energy sector and enable diversity in finding ways of funding the company's development plans."