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Fitch's Credit Rating Agency Calls Israel's Economy Sound And Reaffirms The Country'...

Publication: Israel Business Today
Date: Friday, December 1 2000

One of Europe's leading credit rating agencies, Fitch of London reported that the current conflict with the Arabs has not seriously affected Israel's economy. The country's economic stability and its performance has allowed the international credit rating agency to continue to give Israel's economy an overall A average rating. Fitch cited Israel's diversified dynamic economy, high foreign currency reserves, solid banks and other financial institutions as the main factors safeguarding its economy. Barring the outbreak of a protracted regional war, Finch does not see itself lowerin