Israel's long
Time:2024-05-22 11:23:42 Source:styleViews(143)
Israel’s long-term credit rating is being downgraded by S&P, which cited the risk of military escalation with Iran. It is the second major U.S. credit ratings agency to do so.
There was an apparent drone attack at a major air base and a nuclear site near the central city of Isfahan early Friday, which is suspected of being part of an Israeli retaliation for Tehran’s unprecedented drone-and-missile assault on the country days ago.
S&P’s downgrade was issued shortly before the strike in Iran, and almost three months after Moody’s, another major U.S. credit agency, downgraded Israel’s rating due to the “ongoing military conflict with Hamas.”
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to ‘A+’ from ‘AA-’ and the short-term ratings to ‘A-1’ from ‘A-1+.’
The long-term downgrade means Israel’s credit rating has moved from a “very strong capacity to meet financial commitments,” to “a strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances,” according to S&P.
Previous:Bills linebacker Matt Milano still at least a month away from being cleared to practice, coach says
Next:Retired judge finds no reliable evidence against Quebec cardinal; purported victim declines to talk
You may also like
- Trial of Sen. Bob Menendez takes a weeklong break after jurors get stuck in elevator
- Winning, not experimenting, is Bangladesh priority against Zimbabwe in T20 series
- China allocates disaster relief funds for Jiangxi, Guangdong, Guangxi
- China's largest saltwater lake sees more water birds
- Maker of popular weedkiller amplifies fight against cancer
- Holiday trips ride high on cultural quests
- China expects 210 mln road passenger trips during National Day holiday
- Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools
- Jailed Guatemalan journalist to AP: 'I can defend myself, because I am innocent'