Political instability in Israel is likely to continue, but the country’s fiscal situation should not be impacted in the immediate term, the S&P credit rating agency says in a memo, indicating that it will not downgrade Israel’s rating.
However, it warns that should the Knesset deadlock persist, it could make it difficult for policymakers to reach consensus on economic matters.
“Fiscal risks could build if finding consensus on a balanced fiscal policy proved difficult as a result of persistently fragmented domestic politics,” the bulletin warns.
It also says it expects growth to recover soon, and lauds Israel for having sound debt policy, which it says continue to justify its rating of AA-/Stable/A-1+.
Interim Finance Minister Israel Katz calls the document a “show of support for Israel’s economy.”
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
From the Liveblog of
Tuesday, March 30, 2021
Add ToI as a Preferred Source on Google
