Israel's high credit rating has enabled it in the past year to raise bonds for 50 and 100 years at a comfortable rate. Confirmation of the rating at the beginning of the Great Crisis indicates confidence in the Israeli economy and its way of dealing with the crisis.
Israel has chosen the most stringent way of restoring the economy for a long time, and as mentioned, it has earned the trust of the rating companies. Seemingly, economic bodies should have preferred more lenient measures to prevent the spread of the corona virus, or smaller or larger aid packages. Economists could even negatively state the unresolved political situation in Israel for a very long time, with the threat of a fourth round of elections hovering over our heads earlier this week as well.
However, despite all this, the central assessment is that the situation is controlled and managed. Besides, the economic institutions function and control the situation. These are important indicators, and these days we should know that they are not self-evident. The fact that the infected numbers, the patients are in serious condition and the respirations are low and under control tell the story in terms of those companies. And the result - the high-ranking ratification, which is immensely important at a time when the State of Israel is required - and required - for additional credit to finance its activities.
Coming just in time: the country needs it
2020-04-23T22:16:12.902Z
Eran Bar-Tal