S&P Maalot ratifies Hadera Paper's company credit rating as ilA +/Stable

HADERA, Israel , November 7, 2011 (press release) – Hadera Paper Ltd. (AMEX:AIP - News) (the "Company" or "Hadera Paper") announced that Standard and Poor's Maalot (S&P Maalot)- an Israeli securities rating company, ratified the Company's credit rating as ilA +/Stable, with no change from Company's current rating, pursuant to the Company's press release dated November 2, 2011, regarding resolution from the lower court in Turkey regarding several appeals submitted by KCTR against a tax demand.

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