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PM Netanyahu's Remarks at Weekly Cabinet Meeting

Prime Minister Benjamin Netanyahu was clearly pleased to announce on Sunday that the global credit rating agency Standard & Poor has solidified its earlier AA-/Stable high rating of Israel’s economy.

“You have certainly noticed another achievement for the Israeli economy,” Netanyahu said in his opening remarks to the weekly government cabinet meeting.

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“Standard & Poor’s confirmed Israel’s high credit rating. The previous rating was provisional and the company has now made it permanent.

“This is a very strong expression of confidence in the economic policy that we have led in recent years, which has led the Israeli economy to unprecedented growth.”

Standard & Poor and its predecessor organizations have been in business for more than 150 years, according to a statement on its website, and the agency provides more than a million credit ratings on government, corporate, financial sector and structured finance entities and securities in 128 countries around the world.

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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.