S&P Cuts Israel on ‘Increasing Likelihood’ Conflict Intensifies
- Move comes days after Moody’s lowered nation’s credit score
- Outlook on the debt remains negative amid escalating tensions
Rockets fired from Iran over Jerusalem on Oct. 1.
Photographer: Wisam Hashlamoun/Anadolu/Getty Images
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Israel was downgraded by S&P Global Ratings amid what the ratings firm sees as “an increasing likelihood” that the conflict with Hezbollah intensifies.
The nation’s sovereign rating was cut to A from A+, it said in a statement Tuesday. The outlook remains negative. It’s the second time S&P lowers Israel’s credit score this year.