Moody's lowers Israel's credit rating and expects debt burdens to rise. Moody's said that the reason for lowering Israel'sCredit rating was the war with the Islamic Resistance Movement (Hamas) Moody's added that the risks of escalation of the conflict with Hezbollah still exist, increasing the possibility of a significant negative impact on the Israeli economy.
Netanyahu was quick to downplay the importance of the downgrade, noting that Israel's economy is solid, and that the downgrade in the credit rating was due to the war.