International credit rating company Fitch upgraded Israel's rating to A+

International credit rating company Fitch upgraded Israel's rating to A+ as the agency predicts that the country will remain stable.
Moshe Kahlon Photo Credit: Yonatan Sindel\Flash 90

International credit rating company Fitch upgraded Israel's rating to A+ with a stable outlook. The upgrade is a result of the reduction in the ratio of the public debt to gross domestic product (GDP). The company also warned that political tensions within the coalition can be hard to control and could lead to sudden elections.

Fitch also explained that Israel's credit rating will continue to be restricted by political and security risks such as the wave of lone-wolf terrorist attacks in Israel since September 2015.

"The rise of Israel's credit rating is a certification of excellence for Israel's economic strength and the economic policy that we lead," stated Israel's Minister of Finance Moshe Kahlon.

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