Moody's Downgrades Israel's Credit Rating Amid War
Moody's downgraded Israel's credit rating from "A1" to "A2" due to the ongoing war with Hamas, citing material political and fiscal risks for the country. The agency warned that the fighting in Gaza could continue without a durable agreement, potentially further impacting Israel's security and economy. This decision comes after the October 7 massacres and amid concerns about the economic toll of the conflict.