S&P Upgrades Israel to A+

Standard & Poor’s upgraded Israel’s long-term foreign-currency sovereign rating from A to A+ with a “Stable” outlook, citing Israel’s “prosperous and resilient economy, strong institutions, ongoing fiscal consolidation, and robust external performance. The rating agency also reaffirmed Israel’s local currency rating at AA-.

“The rating action reflects our view of Israel’s improved economic policy flexibility as a result of strong growth and careful macroeconomic management,” S&P said. “Israel is on a credible path toward continued government debt burden reduction and stronger external indicators.”

Israel’s Investment Promotion Centre

2011-09-20T17:23:50+00:00September 20th, 2011|Investment, Israel|0 Comments