Israel's Credit Rating Kept at A-Plus by Standard and Poors

Despite Challenges, Econony Is Flourishing

getty images

By Haaretz

Published September 27, 2013.
  • Print
  • Share Share

Standard & Poor’s will leave Israel’s credit rating unchanged at A+, projecting its economy will remain stable.

The announcement follows an annual visit by S&P representatives a month ago. The delegation met with Finance Minister Yair Lapid, high-ranking officials in the Finance Ministry and the Bank of Israel, as well as, seniors in the public and private sectors.

In the announcement, the company said the decision to leave the credit rating unchanged was due to the government’s fiscal responsibility in its 2013-2014 budget. The government projects a slight decrease in the cost of country’s debt.

The company says the stable rating projection reflects the belief of its analysts that the Israeli government will continue its conservative fiscal policy, and that the effect of the security risks on Israel’s economy will remain mild and under control.

The announcement stressed that the rating reflects the fact that Israel’s economy is diverse and flourishing, the positive effect of the natural gas production on Israel’s balance of payments, and Israel’s monetary flexibility. The company believes that the geopolitical risks and the government’s improving finances are the main constraint on Israel’s rating.

For more go to Haaretz


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • "Everybody is proud of the resistance. No matter how many people, including myself, disapprove of or even hate Hamas and its ideology, every single person in Gaza is proud of the resistance." Part 2 of Walid Abuzaid's on-the-ground account of life in #Gaza:
  • After years in storage, Toronto’s iconic red-and-white "Sam the Record Man" sign, complete with spinning discs, will return to public view near its original downtown perch. The sign came to symbolize one of Canada’s most storied and successful Jewish family businesses.
  • Is $4,000 too much to ask for a non-member to be buried in a synagogue cemetery?
  • "Let’s not fall into the simplistic us/them dichotomy of 'we were just minding our business when they started firing rockets at us.' We were not just minding our business. We were building settlements, manning checkpoints, and filling jails." What do you think?
  • PHOTOS: 10,000 Israel supporters gathered for a solidarity rally near the United Nations in New York yesterday.
  • Step into the Iron Dome with Tuvia Tenenbom.
  • What do you think of Wonder Woman's new look?
  • "She said that Ruven Barkan, a Conservative rabbi, came into her classroom, closed the door and turned out the lights. He asked the class of fourth graders to lie on the floor and relax their bodies. Then, he asked them to pray for abused children." Read Paul Berger's compelling story about a #Savannah community in turmoil:
  • “Everything around me turns orange, then a second of silence, then a bomb goes off!" First installment of Walid Abuzaid’s account of the war in #Gaza:
  • Is boredom un-Jewish?
  • Let's face it: there's really only one Katz's Delicatessen.
  • "Dear Diaspora Jews, I’m sorry to break it to you, but you can’t have it both ways. You can’t insist that every Jew is intrinsically part of the Israeli state and that Jews are also intrinsically separate from, and therefore not responsible for, the actions of the Israeli state." Do you agree?
  • Are Michelangelo's paintings anti-Semitic? Meet the Jews of the Sistine Chapel: http://jd.fo/i4UDl
  • What does the Israel-Hamas war look like through Haredi eyes?
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.