Elbit Imaging Ltd. Announces Midroog Ltd., an Affiliate of Moody's Investors
Services, Changes Rating of Company
TEL AVIV, Israel, January 7, 2013
TEL AVIV, Israel, January 7, 2013 /PRNewswire/ --
Elbit Imaging Ltd. ("EI"or the"Company") (TASE, NASDAQ: EMITF) announced
today, that Midroog Ltd., an affiliate of Moody's Investors Services, has
decided to change the rating of all of the Company's Series A thought Series G
Notes and Series 1 Notes, which are traded on the Tel Aviv Stock Exchange,
from "Baa3/Negative" credit rating, to "B2" credit rating on credit watch.
About Elbit Imaging Ltd.
Elbit Imaging Ltd. operates in the following principal fields of business: (i)
Commercial and Entertainment Centers - Initiation, construction and sale of
shopping and entertainment centers and other mixed-use real property projects,
predominantly in the retail sector, located in Central and Eastern Europe and
in India, primarily through its subsidiary Plaza Centers N.V. In certain
circumstances and depending on market conditions, we operate and manage
commercial and entertainment centers prior to their sale; (ii) U.S. Real
Property - Investment in commercial real property in the United States; (iii)
Hotels - Hotel operation and management; (iv) Medical Industries - (a)
research and development, production and marketing of magnetic resonance
imaging guided focused ultrasound treatment equipment and (b) development of
stem cell population expansion technologies and stem cell therapy products for
transplantation and regenerative medicine; (v) Residential Projects -
Initiation, construction and sale of residential projects and other mixed-use
real property projects, predominately residential, located primarily in India;
(vi) Fashion Apparel - Distribution and marketing of fashion apparel and
accessories in Israel; and (vii) Other Activity - venture capital investments.
Any forward-looking statements in our releasesinclude statements regarding
the intent, belief or currentexpectations of Elbit Imaging Ltd. and our
management about our business, financial condition, results of operations, and
its relationship with its employees and the condition of our properties. Words
such as"believe," "expect," "intend," "estimate" and similar expressionsare
intended to identify forward-looking statements but are not the exclusive
means of identifying such statements. Actual results may differ materially
from those projected, expressed or implied in the forward-looking statements
as a result of various factors including, without limitation, the factors set
forth in our filings with the Securities and Exchange Commission including,
without limitation, Item 3.D of our annual report on Form 20-F for the fiscal
year ended December 31, 2011, under the caption "Risk Factors." Any
forward-looking statements contained in our releases speak only as of the date
of such release, and we cautionexisting and prospectiveinvestors not to
place undue reliance on such statements. Such forward-looking statements do
not purport to be predictions of future events or circumstances, and
therefore, there can be no assurance that any forward-looking statement
contained our releases will prove to be accurate. We undertake no obligation
to update or revise any forward-looking statements.
For Further Information:
SOURCE Elbit Imaging Ltd.
Press spacebar to pause and continue. Press esc to stop.