Business Context and Reporting Period
Company: Tower Semiconductor Ltd.
Filing Type: Form 6-K
Date: May 7, 2019
Context: This filing announces the completion of an annual credit rating review by Standard & Poor's Ma'alot, an Israeli rating agency fully owned by S&P Global Ratings.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on credit rating status.
Material Changes
There are no material financial changes reported in this filing. The primary update is the affirmation of the company's credit standing.
Outlook, Risks, and Management Commentary
- Rating Action: Standard & Poor's Ma'alot affirmed the corporate credit rating and Bonds Series G rating at "ilAA-".
- Outlook: The rating horizon is stable.
- Source: The full report is available via the Tel Aviv Stock Exchange (TASE) link provided in the filing.
Investor Verification Checklist
- Verify the full text of the Standard & Poor's Ma'alot report at the provided TASE link for detailed rationale behind the "ilAA-" rating.
- Confirm the specific terms and maturity of Bonds Series G to understand the scope of the affirmed rating.
- Review subsequent Form 20-F filings for the actual financial performance metrics (revenue, EBITDA, cash flow) not included in this 6-K.