Moody's upgrades #Israel's outlook to positive, affirms A1 rating | Reuters

Moody's upgrades Israel's outlook to positive, affirms A1 rating | Reuters

Global ratings agency Moody's on Friday upgraded Government of Israel's outlook to "positive" from "stable" and affirmed sovereign credit rating at "A1"

Moody's said the key drivers for the change in outlook included the government's reform agenda that aimed to address longer-term challenges and the agency's expectation of a further reduction in the government's debt ratio.

Israel's economy grew 8.2% in 2021, above forecasts by the country's central bank, after a 20.2% contraction in 2020. Israel's annual inflation rate hit 3.5% in February, the highest since 2011. read more

The Bank of Israel is expected to hike its interest rates next week, the first tightening in over a decade, to combat rising inflation from strong economic growth and labor market.