Moody’s says Israel’s credit rating to remain low due to war – Israel News

Date:


Credit ratings agency Moody’s has predicted that Israel’s credit rating will stay the same in 2025, it announced in an opinion on Tuesday.

Israel’s current rating is BAA1, historically its lowest rating ever, and it is trending negatively.

The firm noted that Israel does have strong economic resilience to shocks, but investor uncertainty over economic growth is higher than usual because of the country’s “very high exposure to geopolitical risks.”

Moody’s also noted that the “polarized political system” has affected the rating.

It said that a credit rating upgrade was unlikely in the foreseeable future due to the continuation of the Israel-Hamas War.

Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. (credit: REUTERS/ANDREW KELLY/FILE PHOTO)







Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Gazans flee ‘death and devastation’ with no transportation or means of shelter

On average, the journey south costs more than...

Israeli air strikes in south Lebanon violate UN resolution

The strikes come amid an ongoing Israeli offensive...

UNICEF aid trucks robbed at gunpoint in Gaza City

The appeal comes a day after “armed individuals”...

Thirsty and starving, Gazans face ‘inhumane’ evacuation

The development followed reports that the Israeli military...