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.

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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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