Finance Minister: Decision not to downgrade credit rating is our victory

Finance Minister Yisrael Katz (Likud) was interviewed by the Yisrael Hayom newspaper (for an article that will be published in full tomorrow), and focused on Israel’s credit rating, which has remained constant despite warnings that it would be downgraded due to the ongoing budget crisis.

“For days and weeks, politicians and pundits have been predicting and indeed hoping that the credit rating would drop, and now we have received this excellent piece of news that no such thing will occur,” he said. “And what’s happened now? Instead of admitting their mistake, all those people are saying that the decision not to reduce the credit rating was actually mistaken. They clearly don’t understand a thing – but now they are being joined by the likes of Yair Lapid, who said not too long ago that ‘There’s no doubt whatsoever that our credit rating will drop.'”

Katz added that, “Our credit rating is a tribute to the strength of our economy and a mark of pride for the State of Israel – as well as a victory over all the gloom-mongering pundits.”

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