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Israel’s Economy

Standard & Poor's gives Israel its highest-ever rating

The ratings agency cites steady growth, improved fiscal outlook in decision to upgrade Jewish state's credit score to AA- according to The Times of Israel (August 2018). Prime Minister Benjamin Netanyahu hailed the upgraded rating as "a reflection of the strength of the Israeli economy." In a statement after S&P announced the move, Finance Minister Moshe Kahlon said, "In the last three years, the Israeli economy has soared to the best macro data in its history. The confidence expressed in us by the strongest economic bodies in the world enables us to continue to grow the economy." (Israel bonds are not rated)