Moody's poised to lower Israel's credit rating again amid escalating security situation
Moody's poised to lower Israel's credit rating again amid escalating security situation
www.haaretz.com Moody's poised to lower Israel's credit rating again amid escalating security situation
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In February, Moody's downgraded Israel's rating to A2. The upcoming change reflects not only the geopolitical escalation but also Moody's lack of confidence in the Israeli government's ability to manage fiscal consolidation and reduce debt.
Credit rating agency Moody's is set to release an updated rating on Friday which is expected to downgrade Israel's credit rating to A3, equivalent to an A- rating by other agencies.
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