Business Services Industry
Partner Communications Announces Upgrade of Its Bonds Rating To 'Aa2' With a Positive Outlook Awarded by Midroog
Business Wire, Dec 2, 2007
ROSH HA'AYIN, Israel -- Partner Communications Company Ltd. ("Partner") (Nasdaq: PTNR)(LSE:PCCD)(TASE:PTNR), a leading Israeli mobile communications operator, announces that Midroog Ltd., an affiliate of Moody's Investors Service, announced the upgrade of Partner's series A bonds rating outlook to "Aa2/Positive".
In its report, Midroog stated that: "the positive outlook was awarded based on the improvement of the company's financial results and its coverage ratio."
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading Israeli mobile communications operator providing GSM / GPRS / UMTS / HSDPA services and wire free applications under the orange[TM] brand. The Company provides quality service and a range of features to 2.796 million subscribers in Israel (as of September 30, 2007). Partner's ADSs are quoted on the NASDAQ Global Select Market[TM] and the London Stock Exchange. Its shares are also traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR; LSE: PCCD).
Partner is a subsidiary of Hutchison Telecommunications International Limited ("Hutchison Telecom"), a leading global provider of telecommunications services. Hutchison Telecom currently offers mobile and fixed line telecommunications services in Hong Kong, and operates mobile telecommunications services in Israel, Macau, Thailand, Sri Lanka, Ghana, Vietnam and Indonesia. It was the first provider of 3G mobile services in Hong Kong and Israel and operates brands including "Hutch", "3" and "orange". Hutchison Telecom, a subsidiary of Hutchison Whampoa Limited, is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker "HTX" and shares listed on the Stock Exchange of Hong Kong under the stock code "2332". For more information about Hutchison Telecom, see www.htil.com.
For more information about Partner, see www.orange.co.il/investor_site/.>
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