PNN – Moody’s downgrades Israel’s credit rating for the first time in 30 years.
According to the report of Pakistan News Network, Moody’s credit rating agency has lowered the regime’s credit rating to A2 for the first time since Israel joined the rating scheme of this agency.
Israel Home writes that this downgrade means that Israel’s economic outlook is negative due to the war in Gaza, and it means that this downgrade may continue.
Channel 12 of Israel TV reported that the consultations of the authorities of this regime with Moody’s to not lower Israel’s credit rating were of no use.
The Israel Home database described Moody’s action as the “worst case scenario” for Benjamin Netanyahu’s cabinet and wrote that this is the first time since 1995 that Israel joined this rating that its credit rating has been downgraded.
According to this report, Moody’s wrote in a harsh and critical tone that the level of geopolitical risks, especially security risks in the medium and long term for Israel is assessed as high.
In addition, Israel may experience a period of internal political turmoil after the coalition government ends.
According to this institution, the increase in security risks in Israel is also related to the increase in socio-economic risks in occupied Palestine, and this issue will weaken Israeli financial institutions.
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In part of the Moody’s report, it is also stated that “the risk of escalation of tension, especially the conflict with Hezbollah in northern Israel, is high.”
On October 7th, the Islamic resistance movement of Palestine, Hamas, in response to more than seven decades of occupation of Palestine and nearly two decades of siege of Gaza and imprisonment and torture of thousands of Palestinians, started the operation known as “Al-Aqsa Storm”.
This operation was one of the deadliest attacks against this regime. Hamas fighters penetrated into the occupied territories through the border fences at several points, attacked the villages and besides killing a large number of Israelis, captured a number of them. Reports indicate that Hamas is currently holding 136 Israeli prisoners in Gaza.
In response to this operation, the Zionist regime launched heavy attacks against Gaza and put this area under complete siege. Nearly 28,000 Palestinians have been martyred in Israel’s attacks in Gaza so far, and tens of thousands more have been injured.
Despite this, as analysts say, the al-Aqsa storm operation has imposed a major security-political defeat on Israel.
Immediately after the publication of the Moody’s report, Netanyahu showed a hasty reaction to it and tried to link it to the war in Gaza and make it look temporary.
Israel’s economy is strong and the downgrade is because we are at war, the Israeli prime minister said.
“Israel’s economy will grow again when we win the war,” Netanyahu continued.