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Phoenix ( (IL:PHOE) ) has provided an update.
Phoenix Holdings Ltd. has maintained its credit rating of Aa2.il with a stable outlook as per the latest update by Midroog Ltd. The company’s robust financial metrics, high liquidity, and diverse asset portfolio reflect its ability to cover debt obligations and sustain positive cash flows. With a strong management team and a focus on corporate governance, Phoenix is poised for future growth and expansion in its core business areas, leveraging its substantial capital reserves to mitigate potential financial challenges.
More about Phoenix
Phoenix Holdings Ltd. operates in the insurance and investment industry, offering a diverse range of financial services. The company focuses on maintaining a strong financial profile with high liquidity, diverse assets, and significant capital reserves, positioning itself to capitalize on market growth opportunities.
YTD Price Performance: 14.24%
Average Trading Volume: 838,880
Current Market Cap: ILS16.19B
See more insights into PHOE stock on TipRanks’ Stock Analysis page.