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2024-02-10 Israel-Palestine-Jordan
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Moody's lowers Israeli credit rating, downgrades outlook from ‘stable' to ‘negative'
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[IsraelTimes] The US ratings agency Moody’s downgraded Israel’s credit rating Friday due to the impact of its ongoing war with Hamas in Gaza, lowering it by one notch from A1 to A2.
In a statement, Moody’s said it had done so after assessing that "the ongoing military conflict with Hamas, its aftermath and wider consequences materially raise political risk for Israel as well as weaken its executive and legislative institutions and its fiscal strength, for the foreseeable future."
The ratings agency also lowered its outlook for Israel’s debt to "negative" due to "the risk of an escalation" with the far more powerful Lebanese terror group Hezbollah that operates along its northern border. 
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Posted by Grom the Reflective 2024-02-10 02:00||
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Posted by Grom the Reflective 2024-02-10 02:31||
2024-02-10 02:31||
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