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From the Liveblog of
Friday, September 27, 2024
From the Liveblog of
Friday, September 27, 2024
Moody’s reportedly slated to announce another downgrade of Israel’s credit rating
A sign for credit agency Moody's, on August 13, 2010, in New York. (AP/ Mark Lennihan/ File)
For the second time amid the war, Moody’s is slated to announce later today that it’s downgrading Israel’s credit rating, according to Hebrew media reports.
The Ynet news site reports that the expected rating downgrade comes after unsuccessful efforts by the Prime Minister’s Office and Finance Ministry to convince Moody’s that the government is working to bring down the budget deficit to 4 percent, but the credit rating agency wasn’t sold.
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