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.
U.S. President Joe Biden and Egyptian President Abdel Fattah El-Sisi discussed negotiations for a ceasefire and hostage release deal in Gaza on Tuesday and agreed to remain in close coordination in the coming hours, the White House said.
U.S. Secretary of State Antony Blinken on Tuesday laid out plans for the post-war management of Gaza, saying the outgoing Biden administration would hand over the roadmap to President-elect Donald Trump's team to pick up if a ceasefire deal is reached.
The Houthi rebels in Yemen said they fires a hypersonic ballistic missile targeting the Israeli defense ministry in Tel Aviv early on Tuesday and that the missile reached its target.
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