Moody: Israel's A1 credit rating not presently threatened by credit crisis & Gaza conflict

“Israel is the only A-rated issuer with an active state of war on its territory and the ability of the government's fiscal intervention program to deal with the credit crunch”
 
Moody's Investors Service published last week a special report on Israel. The report indicates that Israel's present political and financial shocks do not pose an immediate threat to the country's risk profile, including its A1 rating and stable outlook.
 
Joan Feldbaum-Vidra, Moody's analyst for Israel and author of the report said: “Our main concern for the credit rating is fiscal, given the unknowns over the cost of the military conflict with Hamas in Gaza. Israel is the only A-rated issuer with an active state of war on its territory and the ability of the government's fiscal intervention program to deal with the credit crunch and difficult conditions in Israel's capital markets”.
 
The principal methodology used in rating Israel is the "Sovereign Bond Ratings" methodology published in September 2008.