Join our Community
Support ToI and remove all ads
Learn more

ISRAEL AT WAR - DAY 426

credit rating

The headquarters of US financial company Standard and Poor's (S&P) in lower Manhattan, New York, May 2014. (mixmotive via iStock by Getty Images)
October 2, 2024, 1:40 pm
S&P cuts Israel’s rating soon after Iran attack, warns of ‘delayed economic recovery’
Rating agency maintains a negative outlook on Israel, citing ‘intensifying conflict’ with Hezbollah and risk of ‘a more direct war with Iran’
By Sharon Wrobel
A sign for credit agency Moody's, on August 13, 2010, in New York. (AP/ Mark Lennihan/ File)
October 1, 2024, 12:04 am
Moody’s explains risks of deterioration of Israel’s credit rating after downgrade
Rating agency worries about high level of uncertainty around Israel’s long-term security and the impact of government policies, political decisions on economic growth prospects
By Sharon Wrobel
The site where a rocket fired from Lebanon hit a house and cars in the northern city of Safed, September 25, 2024. (David Cohen/Flash90)
September 29, 2024, 8:42 pm
Moody’s drastic downgrade will have ripple effect on war-torn consumers and taxpayers
A lower rating raises credit costs for the government, businesses and households; translates into higher taxes and prices, reduced disposable income; also impacts public savings
By Sharon Wrobel
Finance Ministry budget head Yogev Gradus speaks at a conference at the Aaron Institute for Economic Policy at Reichman University, July 10, 2024. (Courtesy)
September 11, 2024, 7:57 pm
Israel budget chief warns about dangers of spending limit breaches to economy
Yogev Gradus urges the government to offset more spending with budgetary adjustments as Israel could be facing another downgrade and even higher costs to fund the war
By Sharon Wrobel
In this August 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew)
August 21, 2024, 6:31 pm
JPMorgan cuts Israeli growth outlook, as Citi warns of further rating downgrades
US financial institutions see more downgrades as credit rating agencies are not confident about the government’s ability to keep its fiscal deficit under control as war costs rise
By Sharon Wrobel
Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich during a cabinet meeting convened to approve the 2024 amended state budget, January 15, 2024. (Haim Zach, GPO)
August 19, 2024, 4:40 am
Netanyahu, Smotrich say they’ve agreed to pass 2025 state budget by year’s end
The two make the announcement after meeting without top Treasury officials who oversee the matter
By ToI Staff
Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich attend vote on the state budget at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, March 13, 2024. (Yonatan Sindel/Flash90)
August 13, 2024, 8:16 pm
PM downplays Fitch’s downgrade but top economists warn about handling of war economy
Opposition leaders say Fitch rating cut is due to government’s management of the economic fallout of the war; leading economists urge progress on 2025 budget to regain confidence
By Sharon Wrobel
Members of Prime Minister Benjamin Netanyahu's cabinet during a meeting to approve the amended 2024 budget, January 15, 2024. (Haim Zach/GPO)
August 13, 2024, 10:53 am
As politicians dither, Treasury prepping alone for NIS 25 billion cut to 2025 budget
Amid expectations for a delay in governmental approval of next year’s fiscal plan, Finance Ministry officials working on tax hikes and spending cuts to avert more rating downgrades
By Sharon Wrobel
This photo shows signage for Fitch Ratings, in New York, October 9, 2011. (Henny Ray Abrams/AP)
August 13, 2024, 5:05 am
Fitch downgrades Israel’s credit rating, warning war could last well into 2025
Credit rating agency also keeps outlook negative, meaning further drop possible, says ‘political fractiousness and coalition politics’ risk hampering essential corrective measures
By Reuters and Sharon Wrobel
Former Bank of Israel governor Prof. Karnit Flug speaks at the Eli Horowitz Conference for Economy and Society, organized by the Israel Democracy Institute in Jerusalem, May 2024. (Oded Karni)
May 23, 2024, 4:45 pm
Israel’s economic response fails to address war needs, says former central bank head
Despite ‘basic resilience,’ the state has to take ‘tough’ steps, such as tax hikes, to start on a path of strong recovery, says Karnit Flug
By Sharon Wrobel
The headquarters of US financial company Standard and Poor's (S&P) in lower Manhattan, New York, May 2014. (mixmotive via iStock by Getty Images)
April 21, 2024, 8:49 pm
Israel’s credit downgrade amid risk of regional escalation is a call to take action
S&P cut Israel’s credit score warning about further downgrades in light of higher defense spending and a ballooning deficit; higher taxes are inevitable, says expert
By Sharon Wrobel
The headquarters of US financial company Standard and Poor's (S&P) in lower Manhattan, New York, May 2014. (mixmotive via iStock by Getty Images)
April 19, 2024, 5:15 am
S&P cuts Israel’s long-term credit ratings, citing ‘military escalation risks’
Ratings agency says Israel faces risk of ‘a more substantial, direct and sustained military confrontation with Iran,’ notes widening deficit as defense spending rises
By Reuters
This photo shows signage for Fitch Ratings, in New York, October 9, 2011. (Henny Ray Abrams/AP)
April 2, 2024, 6:15 pm
Fitch removes Israel from ‘credit watch negative,’ affirms A+ score despite war risk
But credit ratings agency changes Israel’s outlook to negative amid risk of regional escalation, more military spending, uncertain economic prospects and fractious local politics
By Sharon Wrobel
Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
February 14, 2024, 7:26 pm
After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks
Lower rating increases borrowing costs for banks, which in turn will likely be passed on to consumers and lead to higher lending rates
By Sharon Wrobel
Prime Minister Benjamin Netanyahu, left, and Housing Minister Yitzhak Goldknopf, right, arriving for a cabinet meeting at the Prime Minister's Office in Jerusalem on September 27, 2023. (Chaim Goldberg/Flash90)
February 11, 2024, 8:47 am
Ultra-Orthodox party pans Netanyahu for issuing credit rating statement on Shabbat
Housing minister Goldknopf of United Torah Judaism calls PM’s response ‘inappropriate’; Finance Committee chair says it was ‘totally unnecessary’ and a colleague laments ‘disgrace’
By ToI Staff
Load More
Sign in or Register
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.