"In the long term, Israel will be an important place for the global capital markets, not just the local market, and we naturally want to be there," explains Moody's Corporation's senior managing director Michael Foley. Foley heads Moody's European and Asian markets rating and research businesses.
In his analysis of the Israeli market, as recently presented in Israel's financial newspaper Globes, Foley said "that Israel's improved economic and security situation will make it easier for companies to raise money overseas. In addition, more transparency in the market will make life much easier."
A measure of the greater transparency is the new phenomenon of competition between the veteran Maalot and the half-year-old Midroog Israeli business rating companies. Foley praised such competition, according to the Globes article, adding, "The Israeli regulatory environment for rating companies is very supportive. Less interference means more flexibility."
In his analysis of the Israeli market, as recently presented in Israel's financial newspaper Globes, Foley said "that Israel's improved economic and security situation will make it easier for companies to raise money overseas. In addition, more transparency in the market will make life much easier."
A measure of the greater transparency is the new phenomenon of competition between the veteran Maalot and the half-year-old Midroog Israeli business rating companies. Foley praised such competition, according to the Globes article, adding, "The Israeli regulatory environment for rating companies is very supportive. Less interference means more flexibility."