Moody’s has announced that it will lower Israel’s credit rating from A1 to A2, citing the ongoing war between Israel and Hamas as justification for this decision. The credit rating agency believes that the conflict, its aftermath, and wider effects will substantially increase the political risk for Israel in the near future, weakening the country’s executive and legislative institutions. As a result, Moody’s has also lowered Israel’s credit rating outlook to negative. Additionally, the threat of an escalation in the situation between Israel and Hezbollah has contributed to this decision.
In other news, Thailand is experiencing a rise in cases of COVID-19. Authorities have urged citizens to remain cautious and adhere to social distancing guidelines as they try to control the spread of the virus. Health officials have stressed that it is crucial for people to wear masks while in public places and practice good hygiene habits such as washing hands regularly. Despite these efforts, however, cases have continued to rise steadily over the past few weeks.
In another development, there are growing tensions between India and China over their territorial disputes in the Himalayan region. Both countries have accused each other of crossing their respective borders and engaging in aggressive behavior towards one another. The Indian government has deployed additional troops to the border area in an effort to prevent further incidents from occurring. Meanwhile, China has warned India against any actions that could lead to an escalation of violence or conflict between the two nations.