New York – Standard & Poor’s raised Israel’s sovereign credit rating one notch to A-plus on Friday, citing improvements in economic policy flexibility and robust growth.
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It said the country had weathered the global financial crisis reasonably well, with per capita growth rates averaging 2.4 percent in the past five years. The outlook on the rating is stable.
“The rating action reflects our view of Israel’s improved economic policy flexibility as a result of strong growth and careful macroeconomic management,” S&P said in a statement.
Lets move to Israel now
Wow what a double blow to Obama–first a repudiation of his own failed economic policies, then a compliment to his nemesis.