The agency reported last week that the current escalation in Gaza would test the resilience of the Israeli economy.
The agency stated at the time that “the security event will be different from previous operations,” referring to the Israeli shock over the Hamas attack on the settlements surrounding the Gaza Strip, and the army’s reaction to the Gaza Strip.
The report said: “In the past, Israel’s sovereign credit profile has shown resilience in the face of attacks and military action… However, a prolonged conflict that permanently and significantly weakens economic activity would test that resilience.”
Moody’s stated that the current events harmed morale in the markets and led to a rise in oil prices, due to sensitivity to events in the Middle East, but it confirms that their impact was limited.
Israel’s current credit rating is A1, with a stable outlook.
Moody’s indicated that the next date for issuing a report on the Israeli economy and publishing its new classification will be after 6 months.
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