Finance minister blasts Moody’s downgrade of Israel’s credit rating

( ) -q-23- UNDATED (Correspondent Jeremy House) “economy was negative.”

Israel’s finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating.

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TAG: Correspondent Jeremy House reporting. It’s the first time Moody’s has lowered Israel’s credit rating, which is used by investors to measure the riskiness of investing in a global entity or government. Prime Minister Benjamin Netanyahu says Israel’s economy remains strong.

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VERBATIM: Bezalel Smotrich (BEH zah lel SMOH trich) says the decision “did not include serious economic claims.” In its announcement, Moody’s warned that the ongoing war in Gaza and a possible war in the north with Hezbollah could adversely affect Israel’s economy. It downgraded Israel’s rating from A1 to A2 and said the outlook for the country’s economy was “negative.”