Moody’s Agency Downgrades Israel’s Credit Rating
The American rating agency Moody’s has downgraded Israel’s credit rating by one notch from A1 to A2 due to the Gaza war. The financial watchdog explained that the military conflict with Hamas and its consequences increase political risk for Israel and weaken its executive and legislative institutions and its financial strength for the foreseeable future.
Moody’s also noted the conflict between Israel and Hezbollah militants in Lebanon and has assessed its outlook for Israel’s debt as negative.
