On Friday evening, the US agency Moody's lowered Israel's credit rating by one notch, from A1 to A2, due to the impact of the ongoing war on the Gaza Strip. According to the Washington Times, Moody's said in a statement that it lowered Israel's credit rating, after its assessment showed that 'the ongoing military conflict with Hamas and its broader repercussions and consequences significantly increases the political risks for Israel and also weakens its executive and legislative institutions and its economic strength in the foreseeable future.' According to Bloomberg Economics, this is the first time that Israel has witnessed a reduction in its long-term rating. Moody's added that the risks of escalation of the conflict with Hezbollah still exist, increasing the possibility of a significant negative impact on the Israeli economy. Moody's put Israel's credit rating on watch on October 19, 12 days after the outbreak of war. (Petra)
On Friday evening, the US agency Moody's lowered Israel's credit rating by one notch, from A1 to A2, due to the impact of the ongoing war on the Gaza Strip. According to the Washington Times, Moody's said in a statement that it lowered Israel's credit rating, after its assessment showed that 'the ongoing military conflict with Hamas and its broader repercussions and consequences significantly increases the political risks for Israel and also weakens its executive and legislative institutions and its economic strength in the foreseeable future.' According to Bloomberg Economics, this is the first time that Israel has witnessed a reduction in its long-term rating. Moody's added that the risks of escalation of the conflict with Hezbollah still exist, increasing the possibility of a significant negative impact on the Israeli economy. Moody's put Israel's credit rating on watch on October 19, 12 days after the outbreak of war. (Petra)
On Friday evening, the US agency Moody's lowered Israel's credit rating by one notch, from A1 to A2, due to the impact of the ongoing war on the Gaza Strip. According to the Washington Times, Moody's said in a statement that it lowered Israel's credit rating, after its assessment showed that 'the ongoing military conflict with Hamas and its broader repercussions and consequences significantly increases the political risks for Israel and also weakens its executive and legislative institutions and its economic strength in the foreseeable future.' According to Bloomberg Economics, this is the first time that Israel has witnessed a reduction in its long-term rating. Moody's added that the risks of escalation of the conflict with Hezbollah still exist, increasing the possibility of a significant negative impact on the Israeli economy. Moody's put Israel's credit rating on watch on October 19, 12 days after the outbreak of war. (Petra)
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Moody's lowers Israel's credit rating due to the war on Hamas
 
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