REUTERS
Moody’s downgrades Israel’s credit rating on war risks; outlook negative
Pushkala Aripaka
February 10, 2024

Moody’s downgraded Israel’s credit rating on Friday, citing material political and fiscal risks for the country from its war with the Palestinian militant group Hamas. The impact of the conflict raises political risk and weakens Israel’s executive and legislative institutions, and its fiscal strength for the foreseeable future, said Moody’s, which had begun the review for a downgrade on Oct. 19. The country’s rating was cut to “A2,” which is five notches above investment grade, while its credit outlook was kept at negative by Moody’s, meaning a further downgrade is possible. READ MORE