"Israel's Credit Rating Drops Amidst Ongoing Conflict"
TL;DR Summary
Moody's decision to downgrade Israel's credit rating reflects global distrust of the country's far-right Orthodox-dominated government, signaling the end of the hope for economic development and normalcy in the region. Tensions between the Biden administration and Israel are growing over a potential ground invasion in Gaza, with the White House's warnings falling on deaf ears as long as there are no significant consequences for Israel's actions.
Topics:world#biden-administration#economics-international-relations#gaza-war#israel#middle-east-tensions#moodys
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- After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks The Times of Israel
- Israel's Rebuke of Moody's Rating Downgrade Ignored by Markets Bloomberg
- How war has hurt Israel's financial strength Axios
- Israel's finance minister blasts Moody's downgrade of the the country's credit rating The Associated Press
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