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S&P affirms Israel s credit rating at AA-/A-1+

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UPDATE 1-S&P affirms Israel s credit rating and outlook

UPDATE 1-S&P affirms Israel s credit rating and outlook Reuters 2 hrs ago Popular Searches May 14 (Reuters) - Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at AA-/A-1+ and maintained its outlook at stable . Despite security and political risks escalating sharply in the last few days, the combination of a very effective and swift COVID-19 vaccination campaign, strong technology sector performance and rising gas exports should still underpin the country s GDP growth of 5% in 2021, S&P said. Vaccine rollouts and a third lockdown helped Israel emerge from pandemic closures and reopen its economy, even as it remains mired in political deadlock following a fourth inconclusive election in two years.

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