For the second time in two months, an international credit rating agency has raised its assessment of Israel’s economy, as Standard and Poor’s raised Israel’s credit rating to -AA, Ynet reported Saturday. In July, Moody’s raised Israel’s outlook of Israel’s economy from “stable” to “positive.” This means that in the next year to year and a half, the agency could raise Israel’s rating from A1 to Aa-. The reasons given for upgrade were the fiscal discipline exercised by  Israel’s government, as well as its recent strong economic growth. READ MORE