Fitch Ratings has affirmed Israel's Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) at 'A+' with a Stable Outlook.
Israel has a diversified, resilient and high value-added economy and strong external finances in spite of the government debt/GDP ratio, elevated security risks and a record of unstable governments that has hindered policymaking.
Growth is expected to remain strong due to exports from the hi-tech and defense industries, a strong population, and increased government spending following the approval of a new budget.
While Fitch acknowledged that there may be a potential negative impact of the anticipated reforms to the judicial system, they do not make a clear prediction either way.