As Israel experiences a downgrade in its credit rating, a similar fate has befallen its leader. Prime Minister Netanyahu, once considered a respected statesman on the international stage, has lost his rating. And similar to Moody’s forecast, the forecast is negative. Until last year, the free world regarded Netanyahu as a statesman, one with whom […]
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Prof. Yaron Zelekha, head of the School of Accounting, Economics, and Financial Management at Kiryat Ono Academic Campus, addressed the credit rating downgrade of Israel by Moody’s during an interview Sunday on 103FM. “A door to a wave of credit rating downgrades has opened here, both for other rating agencies and for Moody’s itself. The […]
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Credit ratings agency Moody’s on Friday concluded its review of Israel and downgraded the country to “A2” from “A1”, citing material political and fiscal risks for the country due to its war with the Palestinian terrorist group Hamas. “While fighting in Gaza may diminish in intensity or pause, there is currently no agreement to end […]
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The impact of a country’s credit rating downgrade on citizens’ wallets begins even before the actual downgrade occurs. Markets, in practice, do not wait for the official downgrade announcement and already demand higher interest rates. This translates to tangible consequences for citizens who are faced with increased borrowing costs and reduced access to affordable loans. […]
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The S&P Maalot credit rating agency announced on Thursday that it is raising IAI’s international rating to A-, as the company “continues to achieve strong operating results, and its backlog of orders has reached a record 21 billion US dollars.” Their announcement further added that “the company’s rate of output remains almost unaffected by the […]
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