S&P cuts rating on US-backed Israel bonds in line with US downgrade
S&P
08-Aug-2011 (one comment)

S&P says its A/A-1 sovereign credit ratings on Israel remains unchanged.

The Israeli Finance Ministry said it was not aware of the downgrade and had no immediate comment.

The U.S. has guaranteed $19 billion in Israel-issued bonds since the 1990s, giving Israel favorable terms of interest when borrowing.

Israel has not tapped the entire pool.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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When terrorists fall they all fall, it seems!

by IranMilitaryForum.net on Mon Aug 08, 2011 09:30 AM PDT

The Zio-Terrorist rating has also falllen along with that of the US.

I am sure the US leaders will still manage to put Billions of Dollars into Zio-Terrorist economy while the US economy keeps tanking to no avail!



Balatarin
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