Moody's downgraded Israel's credit rating

Moody's International Credit Rating Agency downgraded Israel 's credit rating from A1 to A2 and changed its outlook to negative. The agency noted that the military conflict and its wider consequences were the main reason for the downgrade , which raises the risk of weakening Israel's executive and legislative institutions and financial strength .

Moody's International Credit Rating Agency announced that Israel's credit rating and outlook have been revised , Anadolu reports .

In the statement, it was stated that the credit rating of Israel in foreign and national currency was lowered from "A1" to "A2", and the forecast of the credit rating was changed to negative.

The credit rating agency's statement cited the ongoing military conflict and its wider implications as the main reason for the downgrade, which it said raises the risk of weakening Israel's executive and legislative institutions and financial strength.

The statement noted that Israel's public finances have deteriorated and that the previously predicted downward trend in the public debt ratio has changed, making it more likely that the country's debt burden will be higher than expected before the conflict.