S&P Affirms Israel's Ratings; Outlook Stable

(RTTNews) - Standard & Poor's maintained the Israel's sovereign ratings as the economy remains strong despite risks emanating from global economy and financial markets risks.

The agency affirmed the ratings at 'A+' with stable outlook. S&P noted that the economy is well diversified with high value-added manufacturing and service sectors.

Nonetheless, the agency said the ratings are constrained by Israel's high general government debt burden and significant security and geopolitical risks.

The stable outlook reflects the expectations that the government will maintain stable public finances and continue to tackle structural issues in the economy. Also, S&P expects the impact of security risks on the Israeli economy to be contained over the next two years.