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Israel's finance minister blasts Moody's downgrade of the the...

Israel's finance minister criticizes Moody's downgrade of the country's credit rating, calling it a 'political manifesto' that lacks serious economic claims. Moody's downgraded Israel's credit rating from A1 to A2 due to concerns about the ongoing war in Gaza and a possible war in the north with Hezbollah. The downgrade could make it harder for the government to raise money by selling bonds and may lead other major agencies to also downgrade Israel's outlook. However, Bank of Israel Gov. Amir Yaron stated that the Israeli economy is resilient and already showing signs of recovery after the war broke out.

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