Moody’s: No Threat To Israel’s Rating
Written by: Aaron Katsman | January 11, 2009
The well respected rating agency, Moody’s has said that the recent Israeli war with Hamas as well as a slumping economy, are not enough for the agency to lower Israel’s credit rating. The firm said that Israel has has both economic and geo-political issues in the past and is well equipped to deal with these issues.
As reported in the Jpost.com, the firm said, “Israel’s present political and financial shocks do not pose an immediate threat to the country’s risk profile, including its A1 rating and stable outlook,” said Joan Feldbaum-Vidra, Moody’s analyst for Israel, in a special country report.
Along with historically low interest rates and a stable credit outlook, we have the potential set-up for a huge economic recovery moving forward.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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