S&P affirms Israel's currency ratings

S&P's outlook for Israel's currency remains "Stable."

Standard & Poor's has affirmed its 'A/A-1' foreign-currency and 'AA-/A-1+' local-currency ratings on the State of Israel. The ratings agency has also left Israel outlook on "Stable".

S&P said that it sees Israel's current economic and fiscal problems as temporary, while the budgetary deficit of 6% this year and 5.5% next year are balanced by an improved in liquidity in Israel and world markets.

Published by Globes [online], Israel business news - www.globes-online.com - on July 19, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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