A prolonged war with Hamas could drag down the country’s credit score.
LONDON: Moody’s sent a warning to Israel on Wednesday just days before a scheduled rating review that a prolonged war with Hamas could drag down the country’s credit score.
Moody’s, which is scheduled to review Israel’s “A1 stable” rating on Friday, said the chances of a downgrade would depend on how the war develops. The comments came as traders pushed the cost of insuring Israel’s debt against a default to the highest level in nearly a decade.
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