Israel (State of) Nov 11
Standard & Poors, November 2011
Abstract
Prosperous and resilient economy. Short but solid track record of fiscal consolidation. Robust external finances. Heavy public debt burden. Significant geopolitical risks, somewhat mitigated by U.S. support. The sovereign credit ratings on the State of Israel reflect Standard & Poor's Ratings Services' view of Israel's improved economic policy flexibility as a result of strong growth and careful macroeconomic management. Having weathered the global financial crisis well, Israel is on a credible path toward continued government-debt-burden reduction and stronger external indicators. The production of natural gas by the middle of the decade is likely to further increase the economy's efficiency as well as strengthen its fiscal and external positions. Standard & Poor's ratings on Israel are supported by our view of...
Companies mentioned in this report are: Israel (State of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Israel (State of)
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