S&P raises Israel's credit rating from A to A+

At the time like this when most of the developed economies experiencing financial difficulties, to say the least. When a whole bunch of countries have been downgraded (some to junk), and more to come. When USA's credit has been downgraded for the first time in history. Unprecedented. It's an A+ grade for Israel's economic and financial health. Kol haKavod!

JPOST  -  Finance Minsiter Yuval Steinitz and Bank of Israel Governor Prof. Stanley Fischer praise move as "badge of honor" and reward for Israel's responsible actions during global economic crisis.

International credit rating agency Standard & Poor's announced on Friday that it has raised Israel's credit rating from A to A+. The company said that the decision reflects the government's responsible economic policy. Company officials said they do not believe the national budget will explode despite the mass social justice protests demanding reformed economic policies.
Read more »