Moody's leaves Israel's rating unchanged

By YAEL GRUNTMAN / GLOBES
April 26, 2011 15:41

 
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Moody's Investment Services has reiterated its A1 government debt rating with a "Stable" outlook for Israel. It says that the rating balances the country's high levels of economic, institutional, and financial strength, as well as its geopolitical challenges.

The Finance Ministry hopes that Moody's will upgrade Israel's debt rating by the end of the year or in early 2012. For now, Moody's is making no change in its debt rating, nor hinting at any change in the foreseeable future.

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