Israel Credit Downgrade Sparks Economic Concerns

Moody’s Downgrades Israel’s Credit Rating, Raising Concerns of Further Downgrades

In a note released on Monday, Citi analysts confirmed that Moody’s downgrade of Israel’s credit rating from A1 to A2 was largely anticipated by the market, but still had an impact on investor sentiment. Moody’s also changed the outlook for the rating to negative, citing geopolitical risks and institutional quality as key concerns.