Credit agency Fitch encouraged by Israel's budget

International credit rating agency Fitch Ratings said on Thursday that it is encouraged by the passage of state budgets for 2021 and 2022 in Israel.

In an update for investors, Fitch said, according to Globes, "The Israeli Knesset’s passage of budgets for 2021 and 2022 reduces political uncertainty and potential risks to the public finances, affirming the government’s capacity to advance legislation. The budget approval is in line with our expectations when we affirmed the sovereign rating at ‘A+’ with a Stable Outlook in July 2021."