S&P affirms Israel

Standard & Poor's said it affirmed its A- long-term foreign currency and its A+ long-term local currency sovereign credit ratings on the State of Israel.

At the same time, the A-1 short-term foreign and local currency ratings on Israel were affirmed, the agency said.

The outlook is stable.

The agency noted that the ratings reflect the improved resilience of Israel's public finances and economy to geopolitical shocks, after a three-year period of fiscal consolidation and strong economic growth.

A robust external position, sufficient funding flexibility and special diplomatic and financial support from the United States also buttress the ratings, according to the agency.

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