(Globes) Sonya Gorodisky - International credit rating agency Moody's, the most conservative of the three major international rating agencies, on Thursday confirmed Israel's A1 rating with a stable outlook. Moody's economists explained that the rating was supported by the great effectiveness of the government, which is constantly working to improve Israel's debt and financing figures. Were it not for Israel's geopolitical risks, its credit rating would be higher. Moody's describes Israel's economy as very strong, with growth supported primarily by high-tech exports. This sector rests on a highly educated population and high R&D expenditure. Israel's debt is low by international standards, and Israel dealt effectively with the crisis that engulfed the world's economies.
2016-04-01 00:00:00Full ArticleBACK Visit the Daily Alert Archive