The Management Of S&P Maalot Opened The Trading Day On Tel Aviv Stock Exchange To Mark 25 Years Of Credit Ratings

Yesterday morning (16.11.16) S&P Maalot opened the trend at tase in the presence of S&P Maalot management Ronit Harel Ben-Zeev, CEO, Standard & Poor’s Maalot, said: "Twenty-five years ago we needed to persuade the market's key players of the need to establish a credit rating company. This was at a time when in the U.S., credit rating agencies had already been active for 150 years. Today it is universally clear that it is unthinkable to have a sophisticated and well-developed debt market without the firm basis of professional, independent and autonomous credit rating".

Gal Landau-Yaari, Chief Operating Officer and COO said: "The fruitful cooperation between TASE and S&P Maalot is highly evident in the quality and liquidity of the Israeli corporate debt market—a foundation for the growth of Israeli companies and of the Israeli economy in general".

In the picture: Yann Le Pallec,Executive Managing Director, Global Practice Leader Corporates, S&P Global Ratings; Jean-Michel Six, Chief Economist, EMEA, S&P Global Ratings; Ronit Harel, CEO, Standard & Poor’s Maalot; Gal Landau-Yaari, Chief Operating Officer and COO; Amnon Neubach, Chairman of the Board of the TASE

Photo, free of charge: Guy Assyag