S&P confirms Israels A-rating

The rating outlook remains stable.

Prime Minister Ehud Olmert, Minister of Finance Abraham Hirchson and Governor of the Bank of Israel Prof. Stanley Fischer have received welcome news in the first week of the new governments term from international credit-rating company Standard & Poors (S&P).

Announcing its global credit ratings for May 2006, encompassing 115 countries worldwide, S&P retained its A- credit rating for Israel. Also receiving the same rating were the Bahamas, Bahrain, China, the Czech Republic, Hungary, Latvia, Malaysia, and Trinidad.

Israel first received the A-credit rating from S&P several years ago. Todays reaffirmation indicates that the outlook remains stable.

Published by Globes [online], Israel business news - www.globes.co.il - on May 10, 2006

Copyright of Globes Publisher Itonut (1983) Ltd. 2006

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