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Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit analysis, economic research and financial risk management. The Corporation, which reported revenue of $2 billion in 2010, employs approximately 4,500 people worldwide and maintains a presence in 26 countries. (From their website).
Moody's, a name that inspires confidence with investors world wide, has decided to not only keep the credit rating of the State of Israel at the A1 level, which I believe is the top level, but I could be wrong, but has said that it has worked hard to keep said rating and "the Israeli economy is resilient and dynamic, and the macroeconomic policy framework is coherent."
They do, however, point out two major factors that could have serious repercussions on the economy (as if they had to tell us this!) (1) The Politcal unrest around the Middle east could drive up defense spending in Israel. Money that could have gone back into its economy and infrastructure, and (2) Because of the unrest, it could drive potential investors away from the volatile region.
Its hardly surprising that these are the two concerns. What is surprising to me (and I guess it is a slight naiveté) that the surrounding countries would rather war with each other and spew hatred towards Israel than making and developing and growing their own economies, as well as the Middle Eastern economy. Why wouldn't they want to make more money? Instead, even the so-called "moderate Arabs" don't speak up and stand against the tyranny of the Muslim Brotherhood, al-Qaeda and other groups of its ilk. There is a reason why. Because they have been empowered by the world because of their wealth of Oil. If America were to start drilling (Are you listening, President Obama?), the hate filled countries would be essentially quashed. The power struggles between the true moderates and the hysterical, violent, vitriolic sections of their religion would be put to an end. If we, I speak as a citizen of the world, not just the USA, could lessen our dependence on Arab oil, we could begin to see a shift in the geo-political forces in this region.
Obviously, this is only one step toward peace, not the only step. But it is really time to start ignoring and punishing the bratty children for their less than bearable behavior!
In the meantime, Israel keeps plodding along, growing its economy and growing its ratings in the world market. Slow and steady wins the race!