London, 11 December 2013 -- Moody's Investors Service ("Moody's") has today changed to stable from negative the outlook on the Baa3 senior secured ratings assigned to The Israel Electric Corporation Limited (IEC) and the (P)Baa3 provisional rating of IEC's $5.0 billion global medium-term note (GMTN) programme, following the strengthening of its cash flow and liquidity positions. Concurrently, Moody's has affirmed these ratings.
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