Fitch Confirms Israel's A+ Credit Rating
Credit rating company Fitch has confirmed Israel’s status at A+ and maintained its forecast at “stable,” the Finance Ministry said on Wednesday.
“The confirmation of the credit rating of the State of Israel in this period of uncertainty and global crisis reflects confidence in its diverse economy and the government’s financial and fiscal ability to deal with the consequences of the crisis,” Accountant-General Yahli Rotenberg said.
According to Fitch, Israel’s credit rating balances strong external accounts, a diversified economy with high added value and institutional resilience, and a government debt-to-GDP ratio that is still high relative to reference countries, and ongoing political and security risks. (JPost / VFI News)
“God, we ask that you continue to bless Israel, enhancing her recovery from the pandemic, and taking us into the future of technology, health, and peace.”