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Thursday, November 28, 2024
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Thursday, November 28, 2024
Moody’s says unclear whether Israel’s ceasefire with Hezbollah sustainably cuts risks
A sign for credit agency Moody's, on August 13, 2010, in New York. (AP/ Mark Lennihan/ File)
It is too early to say whether Israel’s ceasefire deal with Hezbollah in Lebanon has “significantly and sustainably” reduced the risk that led Moody’s to downgrade Israel’s sovereign credit rating, the agency says.
“It is too early to say whether these risks will be significantly and sustainably reduced,” Moody’s says.
The agency downgraded Israel’s credit rating to Baa1, from A2, in September.
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