/KASE, August 15, 2025/ – Private company BI Development Ltd. (KASE ticker – BIGD) reported the following:

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We hereby inform you that the international rating agency Fitch Ratings has affirmed BI Development Ltd. a credit rating at "BB" with a stable outlook.

According to Fitch, BI Development is one of the few developers in the EMEA region to achieve such a high rating, comparable with Spain's AEDAS Homes and British Maison Bidco (Keepmoat). Higher ratings of "BBB-" are held by established players such as France's Kaufman & Broad and UK's The Berkeley Group. Fitch notes that BI Development demonstrates a level comparable to these leaders in a number of financial indicators.

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[2025-08-15]