Standard & Poor's has upgraded Israel's credit rating outlook from negative to stable following a ceasefire agreement in Gaza, citing expectations of reduced military conflict and improved economic stability. The agency maintained Israel's current credit rating, noting that a lasting peace could further enhance the country's financial standing. While the ceasefire has led to the release of hostages by Hamas, disputes remain over the return of some bodies, and the path to a comprehensive peace is expected to be lengthy. Economic forecasts for Israel have been revised, with growth expected to pick up in 2026, although uncertainties persist due to ongoing regional tensions.
image sourced from original article at https://www.timesofisrael.com/sp-upgrades-israels-credit-rating-outlook-after-gaza-ceasefire/Original article source: https://www.timesofisrael.com/sp-upgrades-israels-credit-rating-outlook-after-gaza-ceasefire/
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