Fitch Ratings Affirm Israel’s Current Credit Rating

The international rating agency Fitch has confirmed the current sovereign credit rating of Israel in foreign currency, leaving it at the level of A + with a stable outlook.

Agency analysts noted the rapid recovery of the Israeli economy from the consequences of the crisis, the reduction of the budget deficit, a good foreign trade balance and the stability of financial institutions.

The main factors hindering the credit rating upgrade are geopolitical instability and the still high level of public debt compared to the reference group of countries.

By Editor

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