PNN – News sources announced on Tuesday night that Moody’s Credit Rating Agency has lowered the credit rating of five major Israeli banks.
According to the report of Pakistan News Network from Palestine’s Sama news agency, the Israeli Radio and Television Organization announced that the Moody’s credit rating agency has lowered the credit rating of five major Israeli banks.
Moody’s Institute also lowered the rating of the Zionist regime from “A1” to “A2”.
This American institution announced in a statement: The ongoing military conflict with Hamas, its consequences and wider consequences, increase the political stakes for Israel and weaken the executive, legislative and financial power of this regime in the near future.
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This credit rating agency announced in its report that this decision is based on the forecast of the increase in Israel’s budget deficit (regime) due to the growth of military expenses and he expects that by the end of 2024, Israel’s military expenses will be about 2 times that of 2022, and it is likely to increase even more in the coming years.
Moody’s also warned about the significant risk of escalation of the current conflict, including the possible involvement of Lebanon’s Hezbollah, and added: “The conflict with Hezbollah will pose a much greater risk to Israel.”
On October 7, 2023, the Palestinian resistance groups launched the “Al-Aqsa Storm” operation from Gaza against the positions of the Israeli regime, and finally, on November 24, 2023, a four-day temporary ceasefire was established between Israel and Hamas, or the pause for the exchange of prisoners between Hamas and Israel.
This pause in the war continued for seven days and finally on the morning of Friday, December 10, 2023, the temporary ceasefire ended and the Israeli regime resumed attacks on Gaza. In order to retaliate for the surprise attacks of the “Al-Aqsa storm” and to compensate for its failure and stop the resistance operations, this regime has closed all the crossings of the Gaza Strip and is bombarding this area.