Breaking Update
Moody’s: Israel’s credit outlook revised to ‘stable’
Moody's revises Israel's credit outlook to stable, recognizing the Israeli economy's resilience and controlled fiscal impact. Accountant General notes investor.
The Accountant General in the Ministry of Finance, Yahli Rotenberg:
“Moody’s update joins a broad trend of re-examining the risk assessment of the Israeli economy. Looking back, the company’s announcement highlights the resilience and strength of the Israeli economy in the last two years, which were actually higher than expected, and the fact that the impact on the fiscal situation was significant but remained under control. At the same time, we see that this assessment is also supported by the reflection of market performance: the significant decrease in the risk premium in the recent period reflects investor confidence, responsible debt management, and the high accessibility of the State of Israel to the markets.”
The Accountant General also stated:
“Looking ahead, consistent fiscal discipline and continued convergence measures are required to ensure a downward trend in the debt-to-GDP ratio over time. The path to strengthening the credit rating is still underway, and the current update is an important step on the way. I am concluding my term today after challenging years during which complex rating decisions were also made, and therefore the trend of improvement in the rating that we are now seeing has special significance. This confidence is not a given; it is the result of professional, consistent, and responsible work by many along the way. The foundations built during this period provide a strong infrastructure for continued strengthening of market confidence in the Israeli economy, while maintaining responsible fiscal policy.”
