Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Moody’s Affirms Israel’s A1 Credit Rating, Gives Economy Positive Outlook
Error: Contact form not found.
by Israel Hayom / JNS.org
Israeli Finance Minister Moshe Kahlon (left) and Israel Prime Minister Benjamin Netanyahu on April 3, 2017. Photo: Hadas Parush/Flash90.
JNS.org – Global ratings agency Moody’s has changed Israel’s outlook to “positive” from “stable” and affirmed its A1 credit rating.
Moody’s report, issued on Friday, noted the improved economic and diplomatic ties with the moderate Arab states and says the agency may upgrade Israel’s credit rating again in the near future. The report said it upgraded Israel’s economic outlook to “positive” because of its solid fiscal performance and economic resilience.
Moody’s further noted that affirming Israel’s credit rating at A1 reflects its ability to balance a dynamic fiscal environment and a strong institutional framework against long-term structural changes in the labor market and ongoing geo-political risks.
Finance Minister Moshe Kahlon welcomed the report’s findings, saying it was “even more proof that Israel’s economy is stable and robust.”
Kahlon announced that “today, Israel’s economy has presented the best macro data since the country was founded—the lowest unemployment rate, solid growth, a decrease in debt-to-GDP ratio and the highest credit rating ever.”
Finance Ministry Accountant General Rony Hizkiyahu also welcomed the findings, saying, “raising Israel’s rating outlook for the second time in a year reflects our strong fiscal performance and underscores the importance of pursuing a policy that encourages growth while reducing the debt load.”
