Moody’s places Israel’s A1 ratings on review for downgrade
- Israel’s backed
senior unsecured rating has been affirmed at aaa - On Israel says
placed on review for downgrade Israel’s a1 foreign-currency and
local-currency senior unsecured ratings - Says Israel’s backed
senior unsecured rating has been affirmed at aaa - Says placed on
review for downgrade Israel’s (p)A1 foreign-currency senior unsecured
shelf and senior unsecured MTN programme ratings - Will also assess
whether the conflict will interrupt or reverse previously expected
positive trends in debt metrics in Israel - Says the review
period may be longer than the typical three months - Says due to conflict
there is a diversion risk of resources, investment drop, loss of
confidence, which may undermine economic outlook
Moody’s cite negatives due to conflict.
more to come
The shekel had been pointing this way already. Like everything else ILS had been weak against the strong dollar, but that worsened notably after the terror attacks and escalation.