International credit rating agency Moody's has reaffirmed Israel's credit rating at A2 with a negative outlook late on Friday.
There remains a significant risk of escalation into military conflict between Israel and Hezbollah © Mena Today
International credit rating agency Moody's has reaffirmed Israel's credit rating at A2 with a negative outlook late on Friday.
The reaffirmation reflects the agency's stance that the current rating adequately represents the heightened geopolitical risks to which the country is exposed.
Moody's base scenario assumes the continuation of the war between Israel and Hamas, as well as ongoing tensions with Iran and its proxies, particularly Hezbollah.
Despite this, the risk remains tilted toward the negative, as indicated by the negative rating outlook.
Specifically, there remains a significant risk of escalation into military conflict between Israel and Hezbollah or directly with Iran.
An apparent drone attack - claimed by the Iranian-backed Houthi militia - hit central Tel Aviv in the early hours of Friday, killing one man and slightly wounding four others, the Israeli military and emergency services said.
Israeli Defense Minister Yoav Gallant told his U.S. counterpart that military operations in the Gaza Strip have created conditions that would enable a hostage deal to be reached, Gallant's office said on Wednesday.
A meeting of the United Nations Security Council on the Middle East was briefly interrupted on Wednesday when two protesters stood with signs and yelled for the release of Israeli hostages held by Palestinian militants Hamas in the Gaza Strip.
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