JERUSALEM, Sept. 27 (Xinhua) -- Moody's Ratings announced on Friday a downgrade of the Israeli government's credit ratings for the second time in 2024, citing intensified geopolitical risks and a weaker economic outlook.
The agency lowered Israel's credit ratings by two levels, from A2 to Baa1, with a "negative" outlook. This marks the second downgrade this year, following an initial reduction in February when the rating was cut from A1 to A2.
