The Tel Aviv stock market rose and the shekel strengthened against the dollar and euro in response.

Confirmation of the A+ credit rating reflects the global economic system's confidence that Israel will succeed financially following the coronavirus pandemic.

Fitch Ratings has upgraded Israel's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'A+' from 'A,' great news for Israel's economy and a testament to its stability and growth.