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.
Israel said on Tuesday it had attacked Hamas’ new armed wing chief, who it said was appointed just days earlier after Israel killed his predecessor, as it steps up military pressure in Gaza and expands ground operations in Lebanon.
Israel's largest defence contractor is developing hardware to combat explosive Hezbollah drones that have killed Israeli troops in southern Lebanon, including through the potential use of laser-based defence systems, its CEO told Reuters on Tuesday.
The Israeli military has expanded its ground operations in southern Lebanon beyond a demarcation line that Israel set up several kilometres inside Lebanese territory after an April 16 ceasefire with Hezbollah, two sources said on Tuesday.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.