According to Globes, Coface said that Israel was one of only a few countries in the world that was able to improve its risk rating in during the global financial crisis and credit crunch. Israel was given an A4 risk rating in the past two years – the same as Mexico, Estonia, and Hungary, among others.
Coface A1-A4 ratings enable countries to get investment and local companies to obtain credit. Country ratings of B, C, and D indicate increasing credit risk, and concerns about default. The company's rating are essential in setting credit levels for Israeli companies conducting overseas business.
The upgrade stands to reduce Israeli companies' foreign trade credit insurance premiums and may raise the credit levels that Israeli manufacturers and importers will be able to obtain. The upgrade will also make about 400 more Israeli companies eligible for credit from foreign suppliers.
