The main reason for the downgrade is Israel’s war with Hamas, as well as the possible political consequences of this war and the blow to Israel’s financial system as a result.
The international rating agency Moody’s downgraded Israel’s credit rating from A1 to A2. This happened for the first time in the country’s history, Moody’s said in an announcement.
“Moody’s downgraded Israel’s foreign and local currency ratings to A2 from A1. Moody’s also downgraded its foreign and local currency senior unsecured ratings to A2 from A1, as well as its foreign currency senior unsecured offshore bond ratings and MTN program senior unsecured ratings to A2 from A1.Outlook “Negative,” the agency said in its announcement.
The main reason for the downgrade is Israel’s war with Hamas, as well as the possible political consequences of this war and the blow to Israel’s financial system as a result. The duration of the conflict is also a problematic issue, as it is not clear today.
We remind you that the IDF is preparing a massive operation in the city where there are 1.3 million refugees.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.