Business Services Industry
ISRAEL: MOODY'S UPGRADES ISRAEL'S CREDIT RATING.
IPR Strategic Business Information Database, February, 2000
(Communicated by the Finance Ministry Spokesman, Feb 23). The international credit rating company Moody's yesterday (Tuesday) 22 February 2000, published its report on Israel, raising Israel's foreign outlook credit rating from stable to positive, and confirming Israel's foreign and domestic credit ratings at A-.
According to Moody's, the upgrade reflects Israel's "greatly improved macro-economic environment, new momentum in the peace process and strong external support in the event of crisis," as well as structural reforms and market liberalization. The improvement in Israel's geopolitical and economic situation is linked to continued accelerated long-term economic growth in the foreseeable future. Finance Minister Avraham Shohat said that the trends which...
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