S&P cuts some Israel bonds

Standard & Poor's said it lowered the ratings on all U.S.-guaranteed sovereign bonds issued by the State of Israel to AA+ from AAA.

This downgrade is in line with the recent downgrade on the United States of America.

The sovereign credit ratings on Israel remain unchanged at A/A-1. S&P said.

The outlook is stable.

The bond issues downgrade include the $750 million 5 1/8% bonds due Nov. 01, 2024, $1 billion 5½% notes due April 26, 2024, $750 million 5½% bonds due Dec. 04, 2023, $450 million 5½% notes due Sept. 18, 2033, $1.15 billion 5½% bonds due Sept. 18, 2023 and $1.844 billion notes due Aug. 15, 2026.

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