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Moody’s planning to downgrade Israel’s credit rating due to war — report
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A sign for credit agency Moody's, on August 13, 2010, in New York. (AP/ Mark Lennihan)
The US ratings agency Moody’s is planning to downgrade Israel’s credit rating due to the war with Hamas, the Ynet news site reports.
Ynet says it has learned the ratings agency plans to take the step soon, but did not cite sources.
In October, Moody’s announced that it had put the Israeli government’s A1 credit ratings on review for downgrade, citing the “unexpected and violent conflict between Israel and Hamas.”
The severity of the conflict, sparked by the deadly shock assault by Hamas on southern Israel on October 7, “raises the possibility of longer lasting and material credit impact,” Moody’s said at the time.
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