Israel's long
Israel’s long-term credit rating is being downgraded by S&P, which cited the risk of military escalation with Iran. It is the second major U.S. credit ratings agency to do so.
There was an apparent drone attack at a major air base and a nuclear site near the central city of Isfahan early Friday, which is suspected of being part of an Israeli retaliation for Tehran’s unprecedented drone-and-missile assault on the country days ago.
S&P’s downgrade was issued shortly before the strike in Iran, and almost three months after Moody’s, another major U.S. credit agency, downgraded Israel’s rating due to the “ongoing military conflict with Hamas.”
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to ‘A+’ from ‘AA-’ and the short-term ratings to ‘A-1’ from ‘A-1+.’
The long-term downgrade means Israel’s credit rating has moved from a “very strong capacity to meet financial commitments,” to “a strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances,” according to S&P.
Related articles
Department of Conservation set to lose scientific expertise in job cuts
The fairy tern is among New Zealand's the country's most endangered birds. Photo: Supplied / Darren2024-04-20'She Sports' Trend Rings in Big Biz for Brands
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-04-20Moxibustion Treatment Picking up During Heat Waves
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-04-20Students Enjoy Activities During Summer Vacation in China
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-04-20China Philippines South China Sea: Chinese coast guard blasts neighbour's vessels with water cannons
Your web browser is no longer supported. To improve your experience update it here2024-04-20Nanwenying Community Improves Community Public Service System in Xiong'an New Area, N China
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-04-20
atest comment