Israel’s credit rating under threat ...News

Russia Today - Economy
Israel’s credit rating under threat
source : Russia Today ( News ) () 30
The country may be downgraded if the war expands beyond Gaza, S&P has warned Global credit rating agency S&P warned on Monday that it could cut Israel’s sovereign credit rating if the war with the Palestinian militant group Hamas expands to other fronts.   In October, S&P maintained Israel’s ‘AA-’ rating but lowered the country’s credit outlook from ‘stable’ to ‘negative’, citing risks that the Israel-Hamas war could spill over and have a more severe impact on the economy and broader humanitarian situation in the country.  The potential further escalation of hostilities such as a direct confrontation with Hezbolla

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