Moody’s keeps outlook on Israeli debt unchanged

Moody’s leaves Israel’s credit rating unchanged at A1, while keeping the outlook on Israeli government debt at stable.

“The current rating reflects Israel’s robust medium-term growth potential, strong external position and highly credible institutions, which are balanced against a combination of longer-term demographic challenges and persistent geopolitical risks. These strengths will help the credit profile to withstand the severe but temporary crisis arising from the coronavirus outbreak,” the credit rating agency says in a statement.

In April, Moody’s lowered its outlook on Israeli debt, citing a “deterioration” in the budget deficit that has been made worse by the COVID-19 pandemic.