S&P affirms Israel's credit rating, says outlook is 'stable'

Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at "AA-/A-1+" and maintained its outlook at "stable", Reuters reported.

Despite the security and political risks escalating sharply in the last few days, the combination of a very effective and swift COVID-19 vaccination campaign, strong technology sector performance and rising gas exports should still underpin the country's GDP growth of 5% in 2021, S&P said.

(Arutz Sheva’s North American desk is keeping you updated until the start of Shabbat in New York. The time posted automatically on all Arutz Sheva articles, however, is Israeli time.)