The international rating agency Moody’s has confirmed Israel’s foreign currency sovereign credit rating at A2 with a negative outlook. However, the agency has warned that further deterioration of the geopolitical situation could result in a rapid downgrade of the rating. This follows a previous report where Israel’s rating was lowered from A1 to A2.
According to Moody’s analysis, economic growth in Israel is forecasted at 0.6% for 2024. The agency has stated that if the conflict in Gaza is resolved this year, rapid economic growth is expected in 2025.
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