Fitch Lowers Israel's Credit Rating Outlook From Positive to Stable
The downgrade stems from a fear that the Israeli economy is slowing down, from the government's growing investment in security, and from the raising of the government deficit target in the 2015 budget.
On Friday, the Fitch Ratings agency issued a revised outlook on Israel’s long-term foreign currency Issuer Default Rating (IDR), downgrading it to Stable from Positive. The ratings agency did not, however,...
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