Globe’s reports “International rating agency Standard & Poor’s has reiterated its sovereign ratings for Israel, and sees the fiscal effects of Operation Protective Edge in Gaza as minor. ‘In our view, the recent Gaza conflict will lead to only a modest weakening of Israel’s fiscal trajectory. Although Israel may temporarily reverse its fiscal consolidation, we expect its gross general government debt ratio to remain largely flat in the next three years,’ the agency says in affirming its ‘A+/A-1’ foreign and local currency sovereign credit ratings on Israel, with a stable outlook. ‘The stable outlook reflects our view that the government will maintain stable public finances and that the impact of security risks on the Israeli economy will be contained,’ Standard & Poor’s announcement states”.

In his comment on the rating, Prime Minister Binyamin Netanyahu stated “This is the result of the responsible economic policy that we have been taking in recent years. We must make continue making it clear to international markets that we intend to continue this responsible policy so that Israel will maintain its high credit rating. This has great influence on the stability and prosperity of our economy.”

(YWN – Israel Desk, Jerusalem)