Fitch Ratings downgraded Israel’s credit rating from ‘A+’ to ‘A’ due to the ongoing conflict in Gaza, citing increased political risks and fiscal pressures. The agency highlighted concerns about the impact of the conflict on Israel’s economy and stability, leading to the rating adjustment. This downgrade reflects Fitch’s assessment of the heightened risks stemming from the conflict in Gaza on Israel’s creditworthiness.
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Israel Acknowledges Second Deadly Attack on Aid Workers in Gaza
Israel's military acknowledged that its forces mistakenly attacked a U.N. guesthouse in Gaza on March 19, killing Bulgarian staff member Marin Valev Marinov and wounding six others, leading to the withdrawal of a third of the U.N.’s international staff from Gaza. This incident marks the second admission of wrongful fire on aid workers by Israel in a week, with the U.N. calling for greater accountability for attacks on its personnel, as at least 285 U.N....
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