Standard and Poor’s upgrade “very significant achievement for Israel’s economy, which is estimated to grow 3.3% by 2021”

THE TOWER
Following Moody’s, Standard and Poor’s Gives Israel an Improved Credit Rating
by Staff
August 6, 2018

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

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