S&P raises Israel's credit rating from A- to A

The international credit rating agency Standard and Poor has decided to raise Israel's rating from A- to A, media outlets reported Wednesday. S&P representatives recently met with Bank of Israel Governor Stanley Fischer, Finance Minister Ronnie Bar-On, and other senior officials in the Finance Ministry, and were presented with data on the state of Israel's economy. The new rating is expected to lead to a boost in foreign investment in the economy.