Israel downgraded to A+ by S&P

• Lowered to A+ from AA-, outlook negative
• Sees general government deficit to widen to 8% of GDP this year
• Recent increase in confrontation with Iran raises already-elevated geopolitical risks
• Higher deficits will also persist over the medium term
• Expect net government debt to peak at 66% of GDP in 2026

66% of GDP isn’t bad at all by large-economy standards but Israel certainly faces some unique risks in raising cash.

This article was written by Adam Button at www.forexlive.com.