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. |
SW China's Guizhou awash in fragrant spring blossomsAzerbaijan urges top UN court to toss out Armenian case alleging racial discriminationChinese movie tackles pyramid schemesPalestinian death toll in Gaza rises to 33,175: ministryAntiques from Napoleon's palaces exhibited in BeijingStudents from United States and Fuzhou University visit Kuliang in SE China's FujianFIBA 3x3 Asia Cup 2024 men's quarterfinal match: China vs. AustraliaPalestinian death toll in Gaza rises to 33,175: ministryColor system, core graphics, sports pictograms unveiled for 9th Asian Winter GamesAndrijasevic lifts 10