ISRAEL AT WAR - DAY 141

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Moody’s lowers Israel’s credit rating, downgrades outlook from ‘stable’ to ‘negative’ amid war

Jacob Magid is The Times of Israel's US bureau chief

A sign for credit agency Moody's shown on August 13, 2010 in New York. (AP/Mark Lennihan)
A sign for credit agency Moody's shown on August 13, 2010 in New York. (AP/Mark Lennihan)

The US rating agency Moody’s announces that it has dropped Israel’s credit rating from A1 to A2 and has also downgraded the rating of its outlook for the future from “stable” to “negative,” as the war in Gaza enters its fifth month.

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