S&P affirms Israel's credit rating at A with stable outlook

S&P affirmed Israel's sovereign credit rating at A with a stable outlook in early November 2026, citing unchanged key factors amid security risks and fiscal pressures.

The international credit rating agency S&P has left Israel's credit rating unchanged at A with a stable outlook. The decision was made half a year after the previous confirmation, against the backdrop of security risks and pressures on the state budget. In May, S&P reaffirmed the rating, explaining that ceasefire agreements are expected to reduce immediate security risks. However, the agency warned that a significant deterioration in economic or fiscal performance could lead to a negative rating action. In the May report, S&P estimated that the Israeli economy would grow by 5.9% in 2027, and that the broad government deficit would stand at 6% of GDP in 2026. In November 2025, S&P raised the rating outlook from 'negative' to 'stable' following the ceasefire in Gaza.