FINANCE
New York city-based int’l credit ratings agency upgrades Israel’s credit outlook from “stable” to “positive”.
Fitch Ratings Inc. reports: Israel’s Gov’t’s “debt management, high domestic & external financing flexibility, are a rating strength.”
By Zeev Klein & News Agencies
The Fitch Ratings Inc. agency on Friday upgraded Israel’s credit outlook to positive and affirmed Israel’s “A” rating — its sixth-highest investment grade. The company cited Israel’s shrinking deficit and debt-cutting efforts as the reason for the revised outlook.
Israel’s outlook positive. Fitch Ratings headquarters in New York – Photo: Reuters
According to Bloomberg, Fitch predicts that Israel’s budget deficit will fall to 3 percent of gross domestic product in 2014 from 3.8% in 2013. Continue Reading »
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