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Moody's poised to lower Israel's credit rating again amid escalating security situation (www.haaretz.com)

submitted 1 month ago by Linkerbaan@lemmy.world to c/business@lemmy.world

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In February, Moody's downgraded Israel's rating to A2. The upcoming change reflects not only the geopolitical escalation but also Moody's lack of confidence in the Israeli government's ability to manage fiscal consolidation and reduce debt.

Credit rating agency Moody's is set to release an updated rating on Friday which is expected to downgrade Israel's credit rating to A3, equivalent to an A- rating by other agencies.

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[–] AwesomeLowlander@sh.itjust.works 12 points 1 month ago (1 children)

At the rate Israel's going, Moody's about to get their offices raided and employees bombed.

[–] Pilferjinx@lemmy.world 5 points 1 month ago

"Mistakes" were made.

[–] timewarp@lemmy.world 11 points 1 month ago (1 children)

When Moody's is doing more to prevent de-escalation than the current Democratic President 🤷‍♂️

[–] ceiphas@lemmy.world 11 points 1 month ago (1 children)

You mean "to deescalate", right? Double negative, you know...

[–] timewarp@lemmy.world 3 points 1 month ago (1 children)

It was a joke... Israel recently said they were escalating to de-escalate

[–] ceiphas@lemmy.world 2 points 1 month ago

oh, i didn't get that...