Moody’s cuts Israel’s credit rating for first time ever
Categories: Banking & Finance
Moody’s has cut Israel’s credit rating from A1 to A2, largely due to the effects of the war.
The international ratings agency has also lowered Israel’s outlook from stable to negative and sees a possible further downgrade in the future. In effect, Moody’s has taken the most drastic rating action possible, surprising even the most pessimistic market forecasts. This is the first time that Moody’s has ever cut Israel’s credit rating. See more in Globes.
However, Globes spoke to the head of the Israeli offices of four of the world’s biggest investment organizations – BlackRock Israel, Schroders,
Blackstone and Jefferies – to discuss investment trends and they continue to see opportunities. Read more here.
