New Delhi, June 17 -- Fitch Ratings on June 16 said that while the Israel-Iran conflict has hightened geopolitical and security risks in the Middle-East, and could negatively impact some sovereign credit profiles, Israel current credit rating level is "within range" to absorb the impact.

"The spillover from the conflict appears to be within the range that can be absorbed at Israel's 'A'/Negative rating level," Fitch Ratings said.

The agency's belief comes from the assumption that the conflict is likely to remain "contained" between Israel and Iran, and that OPEC countries have enough oil reserves to make up for any supply lost from Iran. It also noted that impact on tourism and infrastructure projects in the region, but added that it do...