Moody's cuts Israel’s rating, signals potential drop to 'junk' amid ongoing geopolitical concerns
- Posted on September 28, 2024
- By Business News Today
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Moody's cuts Israel’s rating, signals potential drop to 'junk' amid ongoing geopolitical concerns
Moody's has downgraded Israel's credit rating due to increased geopolitical risks amid escalating conflicts with Hezbollah and ongoing tensions in Gaza. The agency lowered Israel's rating from A2 to Baa1, citing significant negative consequences for the country's creditworthiness in both the near and long term.
