Moody’s puts Israel’s rating under review due to hostilities
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The international rating agency Moody’s Investors Service announced a revision of Israel’s sovereign rating (A1) with the possibility of its downgrade due to hostilities with the Palestinian group Hamas. This was reported by Reuters with reference to message rating agency.
Moody’s analysts say the fighting could lower Israel’s long-term local and foreign currency ratings, even though the country’s loan portfolio was resilient in 2022.
Earlier, the rating agency Fitch Ratings began reviewing the country’s rating with a possible downgrade, according to which Israel has an “A+” rating. Before this, leading international agencies had never downgraded Israel’s rating. In April, Citi, Moody’s, Morgan Stanley and S&P warned investors about the possible negative impact of judicial reform in Israel on economic stability. Due to judicial reform, Israel’s rating was also put up for review by Fitch, but then, on August 14, the agency left the rating unchanged.
On the development of the Palestinian-Israeli conflict – in the material of Kommersant “Gaza is close, Gaza is far”.
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