MembersIsrael in the Economic Fast Lane

At the beginning of August, the rating agency Standard and Poor’s (S&P) upgraded Israel’s credit rating to AA-, the highest rating the small Jewish state has ever achieved.

By Michael Selutin |
Photo: Photo: Miriam Alster / Flash90

This upgrade is an important sign of the strength of the Israeli economy, as it reflects the credit rating agency’s confidence in future economic growth and a disciplined government budgetary policy.

For Israel, the higher rating means that it can receive international loans on better terms. The AA- rating puts Israel in good and very select company. Only a relative handful of nations have achieved such a positive rating. Those nations include the Czech Republic and...

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