Morgan Stanley has doubled its credit line to Koor Industries Ltd. (TASE:KOR). The new credit ceiling of 330 million Swiss Francs can be used for increasing Koor's investment in Credit Suisse, or repaying a loan to Goldman Sachs. The new credit is non-recourse and replaces the previous ceiling of 165 million Swiss Francs, of which Koor has only utilized 43 million Swiss Francs.
Koor has rised 20% this week in Tel Aviv. Thanks Nachi Dankner.