Standard & Poor's has maintained Israel's A+/A-1 foreign and local currency sovereign credit ratings with a stable outlook.

S&P expects the government debt ratio will remain stable over the next 3 years. S&P also believes the effects of the Gaza war on the economy to be minor.

The stable outlook reflects Standard & Poor's opinion that the consensus in Israel's government to maintain prudent public finances will continue to anchor fiscal planning and stabilize government debt.

Standard & Poor's also expect the impact of security risks on the Israeli economy to continue to be contained.