The ruling from the Israeli Antitrust Authority on regional natural gas monopolies had no impact on credit ratings, energy company Delek Group disclosed. A note from Midroog, a subsidiary of Moody’s rating agency, reviewed Delek in the wake of the ruling that a monopoly exists over Israeli natural gas reserves. Delek supplied the findings in a Tuesday release, saying the financial assessment of the company remained stable. Midroog in its report rated Delek Group at A1, or a low credit risk, and stable. “At this preliminary stage, we are continuing to monitor the developments and their possible implications on the debt rating in the short term and medium term, with emphasis on the company’s financial flexibility, operating strategy and structure of its […]