S&P Global has downgraded Israel's credit rating from 'A+' to 'A' and warns of a delayed economic recovery due to ongoing conflicts with Hamas and Hezbollah. The credit rating agency cites risks to Israel's growth, public finances, and balance of payments from the intensifying conflict, including the threat of retaliatory rocket attacks. S&P also lowers its growth forecast for this year and next, predicting zero percent growth in 2024 and 2.2% in 2025, alongside widening fiscal deficits as defense-related spending increases.