ENLT · Enlight Renewable Energy Ltd

This rating action reflects Midroog’s assessment of Enlight Renewable Energy Ltd.’s strengthened debt capacity and credit profile, as evidenced by the expansion of Series 7 debentures from NIS 550 million to NIS 1 billion — a material increase in committed financing. The A2.il rating sits in the middle tier of Midroog’s long-term scale, denoting very strong creditworthiness relative to other Israeli issuers, and the positive outlook signals expectation of continued stability or improvement in credit fundamentals. All five currently rated bond series carry identical A2.il ratings and positive outlooks, with maturities spanning 2026–2033, suggesting consistent treatment across the capital structure. The rating is Israel-specific (denoted by ‘.il’) and does not constitute a global rating; it addresses only creditworthiness — i.e., the ability to meet contractual obligations — and explicitly excludes liquidity, market value, interest rate risk, or investment suitability. As the rating was commissioned and funded by Enlight itself, it reflects issuer-provided information validated per Midroog’s standard procedures, though Midroog disclaims responsibility for independent verification of all data.