Scailex Corp. (SCIX) dropped the most in almost two weeks after Standard & Poor’s Maalot downgraded the the telecommunications company to ilCC from ILBBB+.
The shares dropped 2.1 percent, the most since May 24, to 9.017 shekels at the close in Tel Aviv.
The outlook on the rating is negative, Standard & Poor’s Maalot said, citing weak funding.
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