Friday, September 9, 2011

S&P Upgrades Israel's Credit Rating

Standard & Poor's has raised Israel's long-term foreign currency credit rating from A to A+.

The ratings agency cited Israel's "prosperous and resilient economy, strong institutions, ongoing fiscal consolidation, and robust external performance."

S&P also praised the country's fiscal leadership for "careful macroeconomic management" and noted anticipated revenues from recently discovered natural gas deposits offshore.


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