The S&P credit rating agency is expected to decide on the status of Israel's credit rating on Friday evening. The company published a pessimistic forecast regarding Israel'sCredit rating following the legal reform legislation.
The lower the rating, the higher the interest rate, and theHigher the government's expenditure on debt repayment. The rating that S&p has given Israel so far is -AA, only two brackets lower than the highest rating (AAA). This rating is one level higher than the rating that the other two agencies (Moody's and Fitch) give the country.