S&P downgraded Israel's US securities-backed credit rating to AA+, in accordance with its latest historic downgrade of the United States' credit rating
US-based financial services company and a credit-rating agency (CRA) Standard & Poor's announced last Monday that it was leaving Israel's credit rating at "A"- strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances.
Credit ratings are forward-looking opinions about credit risk. Standard & Poor’s credit ratings express the agency’s opinion about the ability and willingness of an issuer, such as a corporation or state or city government, to meet its financial obligations in full and on time.
In a report issued last week S&P downgraded Israel's US securities-backed credit rating to AA+, in accordance with its latest historic downgrade of the United States' credit rating.
The bonds in question were issued in 2003 and amount to US$6 billion. These bonds are currently ranked at AAA.
