Fitch downgrades Israel citing war in Gaza

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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