...- Aerospace and defense company Rafael Advanced Defense Systems Ltd. continues to exhibit a strong operating performance, with an ongoing surge in demand for many of its products and services. - A gradually strengthening competitive position and high demand for its platforms and services coupled with resilient profitability means we have reassessed Rafael's business risk profile to satisfactory from fair. - A strong net cash position underpins our minimal (previously modest) financial risk profile. - We continue to consider the likelihood of timely and sufficient extraordinary support¡of Rafael from the Israeli government as high. - We therefore raised our long-term issuer credit rating on Rafael to 'A' from 'A-'. - The stable outlook signifies that we expect rising government budgets for defense spending to translate into strong demand for the company's products and services in the next two years, with Rafael maintaining a strong net cash position....
