When Fitch affirmed Israel’s economy “A” credit rating this week, the news was not greeted with any surprise.

Among key drivers behind the Fitch rating, analyst Paul Gamble cites the fact that fiscal consolidation remains on track. The central government deficit narrowed to 3.2% of GDP in 2013 compared with a budgeted 4.3% of GDP and a 2012 deficit of 3.9% of GDP, due to tightening measures and various one-off factors. Revenue strength resulted in a small surplus in the first quarter of 2014, compared with a deficit of 0.5% of GDP in the first quarter of 2013. Political commitment to consolidation appears strong and a fiscal rule has been tightened, Fitch says. It forecasts a further narrowing of the central government deficit to 2.5% of GDP in 2015.

What is important to realize is that when it comes to Israel, Fitch is dead in line with its rivals; Moody’s and S&P. All of them have Israel in the “A” or above bracket.

Yes, there are problems. Just look at how the unions at the ports are still able to maintain their restrictive practices. The geopolitical situation remains unsteady, as it has done throughout Israel’s rapid economic growth since 1986. And many ask if the economy is too dependent on revenues from the new found off-shore gas reserves.

My point is different. A technical writer once explained to me that if you want to emphasise a point to a reader, you should cite three examples, one directly after the other. These international credit rating companies have together shown to the international finance community just how positive is the current positioning of the economy in the Holy Land.