Midroog approves Aa3.il rating for B Communications Series C debentures

B Communications Ltd. has received a Midroog-approved Aa3.il with a stable outlook rating for the company´s new Series C debentures, in a scope of up to NIS1.9 billion par value, expected to be offered pursuant to a shelf prospectus, the company said.

As previously reported, the proceeds of the sale of the new Series C debentures, when and if issued, will be used to redeem the company´s outstanding US dollar denominated senior secured notes.

B Communications Ltd. is a telecommunications-oriented holding company and its primary holding is its controlling interest in Bezeq.