Moody’s downgrades Israel credit rating on high ‘geopolitical risk’

WASHINGTON, United States — Ratings agency Moody’s downgraded Israel’s credit rating Friday, citing heightened geopolitical risks as its conflict with Hezbollah worsened and prospects for a ceasefire in Gaza receded. “The key driver for the downgrade is our view that geopolitical risk has intensified significantly further, to very high levels,” said Moody’s in a statement.
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