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Elbit Imaging Ltd. Announces Midroog Ltd., an Affiliate of Moody's Investors Services, Changes Rating of Company Notes

Posted on: Tuesday, 3 March 2009, 01:56 CST

TEL AVIV, Israel, March 3 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced today that Midroog Ltd., an affiliate of Moody's Investors Services, has informed the Company that it has decided to change the rating of all of the Company's Series A thought Series F Notes, which are traded on the Tel Aviv Stock Exchange, from "A1/Negative", on a local scale, to "A2/Stable", on a local scale.

About Elbit Imaging Ltd.

Elbit Imaging Ltd. ("EI") is a subsidiary of Europe Israel (M.M.S.) Ltd. EI's activities are divided into the following principal fields: (i) Initiation, construction, operation, management and sale of shopping and entertainment centers in Israel, Central and Eastern Europe and India; (ii) Hotels ownership, primarily in major European cities, as well as operation, management and sale of same through its subsidiary, Elscint Ltd.; (iii) Investments in the research and development, production and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment, through its subsidiary, InSightec Ltd.; and (iv) Other activities consisting of the distribution and marketing of women's fashion and accessories through our wholly-owned Israeli subsidiary, Elbit Trade & Retail Ltd., and venture-capital investments.

The credit ratings of our notes are subject to change from time to time as a result of economic conditions, as well as certain other risk factors relating to the EI which are detailed from time to time in EI's filings with the Securities and Exchange Commission including, without limitation, Annual Report on Form 20-F for the fiscal year ended December 31, 2007.

SOURCE Elbit Imaging Ltd.

Source: PR Newswire

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