Goldman Says Israel, Saudi Arabia Risk Scores Worsen Most in EM
- Israel-Hamas war is weighing on the country’s public finances
- Saudi Arabia’s large economic projects add to fiscal pressures
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Israel and Saudi Arabia saw their sovereign-risk scores worsen the most in emerging markets during the first half of the year as their fiscal positions deteriorated, according to Goldman Sachs Group Inc.
Israel’s war with Hamas and its drain on public finances led to the sharpest score decline, according to Farouk Soussa, an economist at Goldman.