Business Services Industry
Moody's Upgrades Israel's Credit Rating.(Statistical Data Included)
Israel Business Today, July, 2000
The world's second most important international credit rating company, Moody's Investors Service, upgraded Israel's credit rating from A-3 to A-2. Improved credit ratings by companies like Moody's means lower interest charges when the State and Israeli companies sell bonds and other financial packages on international markets.
The American rating company pointed to Israel's blossoming high tech export industry, lower inflation, smaller budgetary deficits, and its strong banking system as reasons for the upgrade. This is Israel's first upgrade by a major credit rating company since 1995 and puts Israel into the same credit category as many western European counties. The world's leading international credit rating company Standard & Poor's is also reviewing its...
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