This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer. .
March 10, 2026
Issue Rating
Primary Credit Analyst:
Rotem Shemesh 972-3-7539729 rotem.shemesh@spglobal.com
Additional Contact:
Eyal Evron 972-3-7539723 eyal.evron@spglobal.com
Following our announcement dated March 8, 2026, S&P Maalot hereby announces that the 'ilAA' rating for unsecured BONDS to be issued by Sela Capital Real Estate Ltd. (ilAA-/Stable/ilA-1+) through the expansion of Series 5 is valid for an amount of up to NIS 390 million par value. The proceeds from the issuance will be used primarily for investments.
We note that with the outbreak of an additional round of fighting against Iran, security and geopolitical risks may increase, and there may be an impact on macro-economic indicators in Israel, and volatility in the capital market may increase. At this stage, there is uncertainty regarding the scope of the war, its duration, and its consequences. As the situation develops, we will update our assumptions and assessments accordingly.
For further details regarding the rating and additional regulatory requirements, see the Rating Report from May 29, 2025.
1 | March 10, 2026
Issue Rating
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer. .
Sella Capital Real Estate Ltd.
| Sella Capital Real Estate Ltd. | Rating | Date rating was first published | Date of last rating update |
|---|---|---|---|
| Issuer Rating(s) | |||
| Long term | iAA- \Stable | 10/05/2022 | 29/05/2025 |
| Short term | iA-1+ | 10/05/2022 | 29/05/2025 |
| Issuance Rating(s) | |||
| Commercial papers | |||
| Series 1 | iA-1+ | 10/05/2022 | 29/05/2025 |
| Unsecured senior debt | |||
| Series E | iAA | 11/03/2024 | 29/05/2025 |
| Series C | iAA | 10/05/2022 | 29/05/2025 |
| Series D | iAA | 10/05/2022 | 29/05/2025 |
| Issuer Rating History | |||
| Long term | |||
| May 10, 2022 | iAA- \Stable | ||
| Short term | |||
| May 10, 2022 | iA-1+ | ||
| Additional details | |||
| --- | --- | ||
| Time the event occurred | 10/03/2026 09:09 | ||
| Time the event was first known | 10/03/2026 09:09 | ||
| Rating initiator | The rated company |
2 | March 10, 2026
Issuance Rating
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
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3 | March 10, 2026
Issue Rating
3/10/2026 | 6:42:00 AM