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Thursday, October 19, 2023
From the Liveblog of
Thursday, October 19, 2023
Moody’s says Israel’s credit rating is ‘under review’ for possible downgrade due to war
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The Tel Aviv Stock Exchange, November 29, 2020. (Miriam Alster/ Flash90/ File)
The Moody’s international credit rating agency announces that it is reviewing Israel for a possible downgrade of its A1 credit rating.
Moody’s says the review has been “triggered by the unexpected and violent conflict between Israel and Hamas.”
It notes that while Israel has “proven resilient” in past conflicts, the current level of violence “raises the possibility of longer lasting and material credit impact.”
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