Israeli Diamond Portal :Moody’s: Credit Crisis and Gaza Operation do not Presently Threaten Is

Feb. 9, 2009 - PRLog -- Current political events and global financial shocks do not pose an immediate threat to Israel's risk profile, including its A1 rating and stable outlook, said Moody's Investors Service in a special report on the country.

Joan Feldbaum-Vidra, Moody's analyst for Israel, noted that Israel's continued rating stability is driven by the expectation that the fiscal impact of these shocks will be relatively short in duration, paid for by savings in other areas, and, most importantly, that liquidity will remain fully available. The government's plentiful access to credit is a crucial supporting factor for the country's high ratings given its exposure to shocks.

“To the extent that the interruption in the favorable debt trends caused by the near-term slowdown in growth, higher defense costs, and the price tag for capital market interventions will be short-lived and not exaggerated in size, the rating can maintain its stable outlook,” said the analyst.

# # #

The Israeli Diamond Industry organizations
Behind the Israeli Diamond Industry are a group of vital and dynamic institutions. Each one is responsible for a different aspect of the industry’s activities.