Reported 10 days ago
Moody's Ratings has downgraded Israel's credit rating for the second time this year, reducing it from A2 to Baa1 due to the escalating economic costs stemming from ongoing conflicts with Hamas and Hezbollah. The prolonged fighting has led to significant fiscal deficits and challenges in key sectors of the economy. This downgrade reflects growing geopolitical risks and the expected long-term economic repercussions for Israel, as government spending rises and growth forecasts are slashed.
Source: YAHOO