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2024-10-23 16:20:52 -

Moody's downgrades Israel's credit rating

The international rating agency Moody's has downgraded Israel's credit rating by two notches at once, from A2 to Baa1, and also leaves a negative outlook. According to Moody's, the main reason for the downgrade was a significant increase in geopolitical risk with negative material implications for Israel's creditworthiness in both the short and long term. The likelihood of a ceasefire in the...

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