Ron Hershco, an Israeli entrepreneur with holdings in multiple companies, including marketing conglomerates in Israel expressed satisfaction at the recently released news that Moody’s Investors Service affirmed Israel’s A1/(P)A1 government debt ratings and stable outlook.  

According to the news, Moody’s said several key drivers led to this affirmation. First, continued resilience of the Israeli economy and the external position therein affect the rating positively. Secondly, the expectation for ongoing improvement of the country’s debt metrics make for favorable market access. Finally, Moody’s says ongoing geopolitical risks, as a rating factor, seem to be being mitigated, and Israel’s close relationship with the US balance risk factors.

Moody’s Statement indicated:

“The first factor driving the affirmation of Israel’s A1 government bond ratings relates to its economic resiliency. Growth in the small, open economy has been sustained even with shrinking demand from Europe, a key trading partner. The country’s high-tech niche and entrepreneurial culture have continued to underpin its latent dynamism and attract sizable FDI inflows.”

Hershco, a well-known real estate developer focused on urban development, affordable housing and high-rise condominium complexes in the New York City area, also added this on the rating:

“Indeed, the entrepreneurial spirit which exists in Israel is something remarkable and leaves the marketing industry – as well as many others primed and ready for growth.  The opportunity here is really something quite unique,” added Hershco. “We were not surprised at Moody’s rankings.”


SOURCE http://everything-pr.com/moodys-affirms-israels-a1-ratings/245020/
 





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