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ISRAEL: OLMERT WELCOMES S&P DECISION TO RAISE ISRAEL'S CREDIT RATING.

IPR Strategic Business Information Database, November, 2007

Prime Minister Ehud Olmert today welcomed the decision by international credit rating firm Standard & Poor's to raise Israel's credit rating as a highly significant expression of confidence in the Israeli economy and in the Government's economic policy. He thanked all those who took part in the effort to present the Israeli economy and its achievements in recent years to Standard & Poor's, including Finance Minister Ronnie Bar-On, Bank of Israel Governor Prof.

Stanley Fischer and National conomic Council Director Prof. Manuel Trajtenberg. Prof. Trajtenberg, who met with Standard & Poor's' representatives during their recent visit to Israel, said that the decision ould greatly contribute to the progress of the Israeli economy and would allow the Government to...

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