Moody's Downgrades Israel's Credit Rating Amid Prolonged Gaza War and Economic Uncertainties

Moody's downgraded Israel's credit rating from A1 to A2 due to ongoing wars in Gaza and potential war with Hezbollah
Finance Minister slammed the downgrade as a "political manifesto" lacking economic basis
Downgrade could make it harder for Israel to raise money by selling bonds if other agencies follow
Israel's economy usually bounces back after wars with Hamas, but this one is longer than previous ones
Concerns over governance, inflation, tech investments had already weighed on Israel's economy before the war