Monday 30 March 2020

Extell’s Israeli bonds put on downgrade watch

Another New York real estate developer is attracting concerned looks from the Israeli bond market, as the coronavirus epidemic has brought construction and sales in the city to a near halt. A week after Related Companies’ bonds were downgraded, Gary Barnett’s Extell Development saw its bonds given a negative projection by rating agency Midroog, according to a disclosure published Sunday on the Tel Aviv Stock Exchange. “The rating has been placed under credit review as



source https://therealdeal.com/2020/03/30/extells-israeli-bonds-put-on-downgrade-watch/

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