International credit rating agency Standard & Poor’s announced on Friday 12 of September 2011, it had raised Israel’s long-term sovereign credit rating from A to A+.
The agency said its decision reflected Israel’s rapid economic growth and responsible economic policy. S&P also reaffirmed Israel’s local currency rating at AA-.
Despite shaky economics and worldwide uncertainty's: the International Monetary Fund increased its growth prediction for the Israeli economy to 3.8% in 2011 and 2012.
Also, The OECD predicts that Israel will achieve 5.4% GDP growth in 2011 and 4.7% in 2012.
The Israeli economy grew 4.7% in 2010, with a 7.6% growth in the 4th quarter of 2010. The Bank of Israel has forecast the Israeli economy to grow by 4.5% in 2011 and 4.0% in 2012.
Moody's, Fitch Left Israel's Ratings Unchanged
Further Significant Support for the Israeli Government's Economic Policy: Moody's Credit Rating Agency Left Israel's A1-Stable Rating Unchanged.
Vice President in Moody's Sovereign Risk Group, Mr. Anthony Thomas, said in the report that the Israeli economy is strong and dynamic and notes favorably the coherent macroeconomic policy implemented by the Israeli government.
Further Significant Support for the Israeli Government's Economic Policy: Moody's Credit Rating Agency Left Israel's A1-Stable Rating Unchanged.
Vice President in Moody's Sovereign Risk Group, Mr. Anthony Thomas, said in the report that the Israeli economy is strong and dynamic and notes favorably the coherent macroeconomic policy implemented by the Israeli government.
