this post was submitted on 27 Sep 2024
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Moody's poised to lower Israel's credit rating again amid escalating security situation (www.haaretz.com)
submitted 4 months ago by Linkerbaan to c/business
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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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[–] [email protected] 12 points 4 months ago (1 children)

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

[–] Pilferjinx 5 points 4 months ago

"Mistakes" were made.

[–] timewarp 11 points 4 months ago (1 children)

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

[–] ceiphas 11 points 4 months ago (1 children)

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

[–] timewarp 3 points 4 months ago (1 children)

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

[–] ceiphas 2 points 4 months ago

oh, i didn't get that...