Following Moody’s suit, US ratings agency Fitch’s economic analysts have opted to lower “Israel’s” credit rating given the current wartime conditions, unless persuaded otherwise in last-minute discussions with senior economic officials to delay the downgrade, the Israeli Ynet news website reported on Thursday.
In early February, Moody’s downgraded “Israel’s” credit rating due to the impact of the war in he Gaza Strip, lowering it by one notch from A1 to A2. It also lowered its outlook for “Israel’s” debt to “negative” due to “the risk of an escalation” with Hezbollah.
In late October, Fitch declared that the A1 rating would be maintained for the time being but attached a negative outlook for the future, the website recalled.
Fitch’s comprehensive report is anticipated to be released within three weeks following the culmination of meetings between the agency and senior Israeli officials, the Israeli news website indicated.
english.almayadeen.net/news/politics/fitch-plans-to-downgrade–israel-s–credit-rating–israeli-m