Accessibility Statement Skip Navigation
  • Back to Global Sites
  • +972-77-2005042
  • Blog
  • Journalists
  • GDPR
  • Send a Release
PR Newswire: news distribution, targeting and monitoring
  • News
  • Products
  • Contact
  • Hamburger menu
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • Telephone

    • +972-77-2005042 from 8 AM - 11 PM IL

    • Contact
    • Contact

      +972-77-2005042
      from 8 AM - 11 PM IL

  • Request More Information
  • Journalists
  • GDPR
  • Request More Information
  • Journalists
  • GDPR
  • Request More Information
  • Journalists
  • GDPR
  • Request More Information
  • Journalists
  • GDPR

S&P Global Ratings Maalot Upgrades Sapiens Series B Debentures Rating from "ilA+" with a Stable Outlook, to "ilAA-" with a Stable Outlook (Local Scale)

Sapiens Logo

News provided by

Sapiens International Corporation

28 Jun, 2022, 12:33 IDT

Share this article

Share toX

Share this article

Share toX

HOLON, Israel, June 28, 2022 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Ma'alot S&P Global (a part of the global rating firm Standard & Poor's Financial Services LLC) ("S&P") upgraded the rating for its Series B Debentures from "ilA+" to "ilAA-" (on local scaling), with a stable outlook.

The debentures are traded on the Tel Aviv Stock Exchange ("TASE") and were originally offered in Israel pursuant to Sapiens' Israeli shelf prospectus and shelf offering reports filed with the Israeli Securities Authority in September 2017 and June 2020.

Mr. Roni Al-Dor, President & CEO of Sapiens, commented: "Along with achieving compound annual growth of 17% for the past decade, Sapiens has improved profitability and generated strong, consistent cash flow. The rating upgrade represents another vote of confidence in Sapiens' business model and strategy. We witness a reflection of our long-term proven track record of growth in both revenue and profit."

S&P's official rating report, in Hebrew, was submitted by S&P to the Israel Securities Authority and the TASE. For convenience, the English translation of S&P's rating report can be found by clicking here.The Company is also filling  via Form 6-K to the U.S. Securities and Exchange Commission.

This announcement shall not constitute a solicitation or an offer to buy any securities.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by 40 years of industry expertise, Sapiens offers a complete insurance platform, with pre-integrated, low-code solutions and a cloud-first approach that accelerates customers' digital transformation. Serving over 600 customers in 30 countries, Sapiens offers insurers across property and casualty, workers compensation and life markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit sapiens.com or follow us on LinkedIn.

 

Investor Relations Contact 

Dina Vince 
Head of Investor Relations 
[email protected]

 

Media Contact 

Shay Assaraf 
Chief Marketing Officer
[email protected] 

SOURCE Sapiens International Corporation

Modal title

Also from this source

Sapiens' AdvantageGo Unveils Underwriting Workbench 3.0 to Redefine Underwriting as an Intelligent Business Platform

Sapiens' AdvantageGo Unveils Underwriting Workbench 3.0 to Redefine Underwriting as an Intelligent Business Platform

AdvantageGo, a Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent SaaS-based software solutions, today...

Sapiens Announces Strategic Partnership with Linqura for P&C Underwriting Risk-Scoring

Sapiens Announces Strategic Partnership with Linqura for P&C Underwriting Risk-Scoring

Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent SaaS-based software solutions, today announced a...

More Releases From This Source

Explore

Computer Software

Computer Software

Computer Software

Computer Software

Banking & Financial Services

Banking & Financial Services

Insurance

Insurance

News Releases in Similar Topics

Contact PR Newswire

  • +972-77-2005042
    from 8 AM - 11 PM IL

Global Sites

  • APAC
  • APAC - Traditional Chinese
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany

 

  • India
  • Indonesia
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland

 

  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • United States

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921
Global Sites
  • Asia
  • Brazil
  • Canada
  • Csezh
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Israel
  • Italie
  • Mexico
  • Middle East
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • United States
+972-77-2005042
from 8 AM - 11 PM IL
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • Cookie Settings
Copyright © 2025 Cision US Inc.