Standard & Poor’s Affirms Israel’s A+ Credit Rating
The international financial services and credit ratings agency Standard & Poor’s on Friday affirmed Israel’s international credit rating as positive, giving it an A+ score.
The agency’s economic forecast for the Jewish state defined the country’s economy as “stable” and projected it would grow by 3 percent between 2015 and 2018.
But the Israeli economy is not without its challenges, S&P said, naming a high debt ceiling as well as geopolitical factors and regional threats that may destabilize the Middle East, deter for-eign investors, and curb growth potential.
Prime Minister Benjamin Netanyahu said, “Reaffirming Israel’s credit rating reflects the global community’s faith in Israel’s responsible and balanced fiscal policies over the years.”
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