Rating agencies in Israel are reassessing the creditworthiness of New York-based real estate developers trading on the country’s bond market, as the economic impact of coronavirus continues to unfold. The latest company to face a ratings drop was Yoel Goldman’s All Year Management, whose four bond series all saw two-step downgrades from rating agency Midroog, according to a Sunday filing on the Tel Aviv Stock Exchange. The firm’s unsecured Series B and D bonds were
source https://therealdeal.com/2020/09/08/new-york-developers-face-downgrades-on-israeli-bond-market/
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