S&P Upgrades Israel to A+

September 20, 2011 at 5:23 pm | Posted in Investment, Israel | Leave a comment
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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

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