Modis is the second rating company to ratify Israel's credit rating after we released Peach's ratification on Friday. Positive on the resilience of the Israeli economy.

The rating companies are very important in the institutional market and in various financial instruments that purchase "blindly" according to defined criteria; For example - developed countries from A rating and above - a definition that includes Israel. In many other cases, such as selective investment decisions by entities and private investors, the relevance of rating companies is declining.

A surplus of conservatism has brought them to a halt to the knowledge available in the market. The criticism of them includes companies and countries whose ratings dropped only after the world became aware of their situation - not before. In any case, in this ranking, we, like any country, want to be rated as high as possible and pay less interest on the loans that in the near future will require them much more.