For an unknown reason, S&P did not publish its regular semi-annual report on Israel, which was supposed to be published on Friday, November 8.
The rating company publishes two (semi-annual) reports every year, but it reminded that it has no obligation to publish them.
Let us recall that in October, S&P announced a reduction in Israel’s sovereign credit rating by one notch from A+ to A, while maintaining a negative outlook.
According to the company’s updated forecast, Israel’s economic growth will come to a complete halt in 2024, and will reach just 2.5% in 2025. The state budget deficit in 2024 will be 9% instead of the declared 6.6%, and in 2025 – 6% instead of the promised 4%.