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Israel Asks Moody’s to Consider Raising its A1 Credit Rating

Israeli Finance Minister Yuval Steinitz has asked Moody’s Investors Service to consider raising the country’s A1 credit rating.

Steinitz met with Moody’s economists over the weekend, Boaz Stembler, a spokesman for the Finance Ministry, said by telephone today. Israel, which was added to MSCI Inc.’s developed market index in May 2010, is rated at Moody’s fifth-highest investment grade, the same level as South Korea and the Czech Republic.