Posted 10/19/2023, 9:31:00 PM
Moody's Warns Israel of Potential Credit Downgrade Amid Prolonged Conflict with Hamas
- Moody's warned it could downgrade Israel's credit rating due to severity of conflict with Hamas
- Downgrade could make borrowing more expensive for Israel as it gears up for prolonged war
- Review will focus on duration and scale of conflict and impact on economy, institutions, finances
- In July, Moody's warned judicial overhaul could plunge Israel into further turmoil hurting economy & security
- Israeli parliament passed law stripping Supreme Court power to block government decisions