Bloomberg News

Africa Israel Properties Heads for Two-Month High on S&P Rating

February 01, 2012

Feb. 1 (Bloomberg) -- Africa Israel Properties Ltd. headed for the highest close in more than two months after the real estate developer was raised to ilBBB from ilBBB- at Standard & Poor’s Maalot.

The shares advanced 2.8 percent to 31.64 shekels, headed for the highest level since Nov. 16, at 12:35 p.m. in Tel Aviv.

--Editors: Claudia Maedler, Shaji Mathew

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net -0- Feb/01/2012 10:36 GMT


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