Moody's lowers Israel's credit rating

2024-02-10T20:23:18.333Z

Highlights: Moody's announced the downgrading of Israel's credit rating. The decision came despite pressure exerted by Tel Aviv to discourage the move. It is noteworthy that in the first month of the start of the war on Gaza, Moody's reduced its expectations for the growth of the Israeli economy. The company expected its losses as a result of the continuation of the Gaza war to reach more than 50 billion dollars. The move has negative repercussions on Israel’s position with international financial institutions that lend to countries.

Moody's announced the downgrading of Israel's credit rating, a decision that was not unlikely, in light of the geopolitical repercussions of the aggression on the Gaza Strip.