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S&P Lowers Israel Rating

RATINGS

Israel's long term foreign currency debt rating was downgraded by S&P from AA- to A+. The outlook also remains negative.

  • The rating agency cited the on-going Israel-Hamas conflict as a factor, projecting military activity would continue through 2024 (per BBG). S&P projects an 8% of GDP fiscal deficit this year for Israel.
  • It also noted that the confrontation with Iran is an additional downside risk.
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Israel's long term foreign currency debt rating was downgraded by S&P from AA- to A+. The outlook also remains negative.

  • The rating agency cited the on-going Israel-Hamas conflict as a factor, projecting military activity would continue through 2024 (per BBG). S&P projects an 8% of GDP fiscal deficit this year for Israel.
  • It also noted that the confrontation with Iran is an additional downside risk.