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.
“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.