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CAP - Ma'alot assigns a short-term issuer rating of '+ilA-1'; assigns '+ilA-1' rating to new commercial papers up to NIS 1.3 billion par value issued by Bank Leumi Issues, and 'ilAAA' rating to bond issuanc

Company: Fibi Bank Date: 2025-09-02 Language: English Register to download
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# FIRST INTERNATIONAL BANK OF ISRAEL LTD.

# FIRST INTERNATIONAL ISSUES LTD.

September 2, 2025

# Issuance Rating

Assignment of 'ilAAA' rating to a bond issuance of up to 1.7 billion

₪ par value and assignment of '+ilA-1' rating to new commercial papers up to

1.3 billion ₪ par value.

## Chief Credit Analyst:

Matan Benjamin 972-3-7539716 [matan.benjamin@spglobal.com](http://#)

## Additional Contact:

Eyal Chelouche 972-3-7539737 [eyal.chelouche@spglobal.com](http://#)

Following our announcement dated August 20, 2025, S&P Maalot hereby announces that the 'ilAAA' rating for bonds to be issued by FIRST INTERNATIONAL BANK OF ISRAEL LTD. (+ilAAA/Negative/ilA-1) through the issuance of a new series, Series 13, is valid for an amount of up to ₪1.7 billion par value. S&P Maalot also announces that the '+ilA-1' rating for commercial papers to be issued by the bank through a new series, Series 1, is valid for an amount of up to ₪1.3 billion par value. The issuances will be carried out through FIRST INTERNATIONAL ISSUES LTD.

For more details about the bank's rating and additional regulatory requirements, see the rating [report](http://#) from May 29, 2025.

1.

September 2, 2025 Issuance Rating

\*\*FIRST INTERNATIONAL BANK OF ISRAEL LTD.\*\*

### FIRST INTERNATIONAL ISSUES LTD.

| FIRST<br>INTERNATIONAL<br>BANK<br>OF<br>ISRAEL<br>LTD. | Rating         | Date<br>Published | Last<br>Rating<br>Update |
|--------------------------------------------------------|----------------|-------------------|--------------------------|
| Ltd.                                                   |                | Initial<br>Rating |                          |
| Issuer<br>Rating(s)                                    |                |                   |                          |
| Short<br>Term                                          | ilA-1+         | 20/08/2025        | 20/08/2025               |
| Long<br>Term                                           | ilAAA\Negative | 23/11/1997        | 29/05/2025               |

#### Issuance Rating(s)

#### Issuer Rating History

| Date                     | Rating         |
|--------------------------|----------------|
| October<br>31,<br>2023   | ilAAA\Negative |
| July<br>11,<br>2019      | ilAAA\Stable   |
| December<br>20,<br>2018  | ilAA+\Positive |
| October<br>07,<br>2014   | ilAA+\Stable   |
| November<br>15,<br>2010  | ilAA\Stable    |
| June<br>16,<br>2009      | ilAA\Negative  |
| September<br>24,<br>2008 | ilAA\Stable    |
| March<br>12,<br>2007     | ilAA\Positive  |
| February<br>20,<br>2003  | ilAA           |
| December<br>26,<br>2001  | ilAA+          |
| November<br>23,<br>1997  | ilAAA          |
| Short<br>Term            |                |
| August<br>20,<br>2025    | ilA-1+         |

### FIRST INTERNATIONAL ISSUES LTD.

| Rating | Date<br>Published | Last<br>Rating<br>Update |
|--------|-------------------|--------------------------|
|        | Initial<br>Rating |                          |

### Issuance Rating(s)

| Type                                                                         | Rating | Date<br>Published | Last<br>Rating<br>Update |
|------------------------------------------------------------------------------|--------|-------------------|--------------------------|
| Complex<br>Subordinated<br>Debt<br>Deferred<br>Notes<br>with<br>Mechanism    | ilAA-  | 29/08/2022        | 29/05/2025               |
| Loss<br>Absorption<br>Series<br>27<br>Deferred<br>Notes<br>with<br>Mechanism | ilAA-  | 14/03/2022        | 29/05/2025               |
| Loss<br>Absorption<br>Series<br>26<br>Deferred<br>Notes<br>with<br>Mechanism | ilAA-  | 09/06/2020        | 29/05/2025               |
| Loss<br>Absorption<br>Series<br>25<br>Short<br>Term<br>Debt                  |        |                   |                          |
| Commercial<br>Papers<br>Series<br>1                                          | ilA-1+ | 20/08/2025        | 20/08/2025               |
| Senior<br>Unsecured<br>Debt<br>Bonds<br>Series<br>10                         | ilAAA  | 27/08/2019        | 29/05/2025               |
| Bonds<br>Series<br>12                                                        | ilAAA  | 23/11/2021        | 29/05/2025               |
| Bonds<br>Series<br>13                                                        | ilAAA  | 20/08/2025        | 20/08/2025               |

#### Issuer Rating History

| Term         | Date                   | Rating         |
|--------------|------------------------|----------------|
| Long<br>Term | October<br>09,<br>2024 | ilAAA\Negative |

2 | September 2, 2025 Issuance Rating

\*\*FIRST INTERNATIONAL BANK OF ISRAEL LTD.\*\*

#### FIRST INTERNATIONAL ISSUES LTD.

| Data                   | Additional<br>Details   |
|------------------------|-------------------------|
| Time<br>of<br>Event    | 02/09/2025<br>14:39     |
| Time<br>First<br>Known | 02/09/2025<br>14:39     |
| Rating<br>Initiator    | The<br>Rated<br>Company |

3. September 2, 2025 Issuance Rating

\*\*FIRST INTERNATIONAL BANK OF ISRAEL LTD.\*\*

### FIRST INTERNATIONAL ISSUES LTD.

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4. September 2, 2025 | Issuance Rating