Israel's Credit Outlook Downgraded by S&P Amidst War with Hamas
TL;DR Summary
S&P Global Ratings has downgraded Israel's credit outlook from stable to negative, citing the risk that the ongoing conflict with Hamas could spread and have a more significant impact on the Israeli economy. The credit rating agency assumes that the conflict will remain centered in Gaza and last no more than three to six months. However, if the conflict widens, S&P warns that it could further downgrade Israel's credit ratings.
- S&P downgrades Israel’s credit outlook to ‘negative’ amid war against Hamas The Times of Israel
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- S&P revises outlook on Israel’s debt to negative, from stable, expects 5% contraction in the economy MarketWatch
- S&P downgrades Israel's credit outlook to 'negative' The Times of Israel
- Israel's Rating Outlook Cut to Negative by S&P on War Risks Bloomberg
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