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News Brief

August 12, 2005
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A financial ratings service called Israel’s foreign-currency rating stable despite the resignation of its finance minister. Standard & Poor’s maintained an A-/Stable rating on Israel’s foreign currency, despite Benjamin Netanyahu’s resignation Sunday. Praising Israel’s economic performance during the first seven months of 2005, Standard and Poor’s said it expected fiscal and economic reform in Israel to continue, the liberal daily Ha’aretz reported.

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