As a society we need to remember that some things are needs and some are wants, wishes, or dreams. We live in a time when we have so much that it becomes hard for us to sometimes discern the difference between a need and a want
A column by Yonoson Rosenblum is always worth reading, and this week’s was no exception. However, I have to correct one factual mistake that does a disservice to Israel and its citizens.
Among the red lines crossed by the political opposition, Rosenblum lists “a deliberate (and successful) attempt to lower Israel’s credit rating.” Deliberate, yes; successful, no. Israel’s credit rating remains as strong as it was before, and as of now, it is expected to stay that way.
His error is quite understandable, as it stems from a nuance in the recent report on Israel released by Moody’s (one of the three major credit rating agencies), which others have also missed, and which the secular, anti-government press has gone out of its way to spread confusion about. But it is important to get the facts straight.
The credit rating assigned to a country by Moody’s or another agency gives its current opinion about the chances that those who lend money to that country’s government will get back what they were promised, on time and in full. Each agency also provides an “outlook,” that is, its forecast of how its rating might change in the future, which can be Positive, Stable, or Negative.
Create a free account to keep reading.
