Maalot upgraded the company's credit rating to "A+"
Rosh Ha'ayin, Israel, 16 February 2004, Partner Communications Ltd. (NASDAQ, Tel Aviv: PTNR, London: PCCD) announced that Maalot, The Israel Securities Rating Company Ltd., strategic partner of Standard & Poor's, has upgraded its corporate credit rating to "A+".
Alan Gelman, Partner's CFO, said that the Company is extremely pleased with the upgrade awarded by Maalot. Mr. Gelman added that it is especially satisfying, since all three credit rating agencies covering the Company, Standard and Poor's, Moody's and Maalot, upgraded the Company's ratings in the last three months.
About Partner Communications
Partner Communications Company Ltd. is a leading Israeli mobile communications operator known for its GSM/GPRS based services and the development of wirefree applications under the preferred orangeTM brand. The Company commenced full commercial operations in January 1999 and, through its network, provides quality of service and a range of features to approximately two million subscribers in Israel. Partner subscribers can use roaming services in 128 destinations using 287 GSM networks. The Company was awarded a 3G license in 2002. Partner's ADSs are quoted on NASDAQ under the symbol PTNR and on the London Stock Exchange (LSE) under the symbol PCCD. Its shares are quoted on the Tel Aviv Stock Exchange (TASE) under the symbol PTNR. For further information please visit: http://www.investors.partner.co.il.
Contact:
Dr. Dan Eldar
V.P. Carrier, International and Investor Relations
Tel: +972 67 814151
Fax: +972 67 814161
E-mail: dan.eldar@orange.co.il