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
Mystery artist who erected signs comparing pothole
A defiant resident infuriated by the potholes in their road has taken revenge on the council by erec2024-05-21Contreras has 3 hits as Brewers take advantage of sloppy inning by Pirates in 3
PITTSBURGH (AP) — William Contreras had three hits and the Milwaukee Brewers used one big inning to2024-05-21Election 2024: Biden campaign embraces TikTok despite President signing law that could ban it
WASHINGTON (AP) — When President Joe Biden showed off his putting during a campaign stop at a public2024-05-21Max Scherzer gives up 3 runs in rehab start, his 1st game action since offseason back injury
ROUND ROCK, Texas (AP) — Max Scherzer gave up three runs and five hits pitching into the third innin2024-05-21Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
ROME (AP) — Pope Francis has added a stop in Luxembourg to a trip to Belgium in September, a three-d2024-05-21County in rural New Mexico extends agreement with ICE for immigrant detention amid criticism
SANTA FE, N.M. (AP) — County commissioners in rural New Mexico extended authorization for a migrant2024-05-21
atest comment