Tomer Rocket Propulsion Company Nears 12% Profitability, Credit Rating Reveals
Translated & summarized from TheMarker by baba
The credit rating agency Maalot has revealed that the state-owned Tomer company's profitability is nearing 12% and assigned it an AA+ rating for a bond issuance. The company's order backlog has surged from 1 billion shekels in 2023 to 3.5 billion shekels today. The bond issuance aims to raise up to 600 million shekels.
The story in 4 lines · by baba
- Tomer's profitability rate is approaching 12%, according to credit rating agency Maalot.
- Maalot assigned Tomer an AA+ credit rating for a bond issuance.
- Tomer plans to raise up to 600 million shekels through the bond issuance.
- The company's order backlog has grown to 3.5 billion shekels from 1 billion in 2023.
The credit rating agency Maalot has revealed that the profitability rate of the state-owned rocket propulsion systems company Tomer is approaching 12%. Maalot published its rating for the company's bonds, assigning Tomer a rating of AA+.
The rating was granted to facilitate Tomer's issuance of bonds worth up to 600 million shekels. Additionally, the rating revealed that the company's signed order backlog has grown significantly, from approximately 1 billion shekels in 2023 to about 3.5 billion shekels currently.
