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  3/28/2014, Adar Bet 26, 5774

Israel's Credit Rating Stays at A+


The Standard and Poors credit-rating agency announced, Friday morning, that it is leaving Israel's rating at A+ with a stable outlook.

The rating was based on an improvement in Israel's fiscal framework, steady economic growth and lowering of the ration of debt to gross domestic product. Despite the improvement, the fiscal framework and geo-political risks were cited as reasons for not raising the rating.