S&P keeps Israel's credit rating at A with stable outlook

In depth

Rating agency S&P completed its semi-annual review of Israel on Friday. The agency left the credit rating at A with a stable outlook, and did not publish a reasoned report. The decision was made half a year after the previous confirmation.

The decision was made against the backdrop of war and heavy defense spending, and amid political turmoil following the elections. The rating is still two notches below the level Israel held before the war.

Rating agencies Moody's and Fitch took similar decisions and did not downgrade the rating. The agencies warn of economic and institutional risks.