Free Trial

Finance Ministry Taking Moody's Report Seriously

ISRAEL
  • ISRAEL'S FINANCE MINISTRY: TAKING SERIOUSLY MOODY'S REPORT FOLLOWING JUDICIAL AMENDMENT
  • WE ARE IN CLOSE CONTACT WITH RATING AGENCIES AND INTERNATIONAL ECONOMIC GROUPS, CONSTANTLY ASSESSING MARKET RISKS (Reuters News)
  • The comments come despite markets finding some reassurance in the lack of credit-rating action after Moody's said it would release a special unscheduled report on Israel yesterday.
  • The rating agency warned of "negative consequences for Israel's economy and security situation" and a "significant risk" of political and social tensions after the Knesset passed the so-called "reasonableness" bill, significantly limiting judicial review of government decisions. Moody's changed Israel's credit-rating outlook to "stable" from "positive" in April but did not announce any fresh decisions yesterday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.