Moody’s Downgrades Israel’s Sovereign Credit Rating: Bank of Israel Expresses Concerns

Bank of Israel Governor Calls for Addressing Economic Aspects of Moody’s Report to Strengthen Market Confidence

Israel’s sovereign credit rating has been downgraded from A1 to A2 by Moody’s, a global rating agency. Professor Amir Yaron, the Chairman of the Bank of Israel, expressed his concerns about the decision. The main reasons for the downgrade, according to Yaron, include uncertainty about the timing and manner of ending the war, the impact of the war on government attention to solving economic and social problems, and changes in the fiscal situation.

The Bank of Israel head also noted that uncertainty regarding further developments on Israel’s northern border was a reason for maintaining a negative outlook. Despite this, Yaron emphasized that Moody’s did not ignore Israel’s strong macroeconomic and monetary framework and its resilience to crisis situations.

To strengthen market confidence and address economic issues raised in Moody’s report, Yaron urged measures from both government and Knesset. He expressed optimism about Israel’s ability to recover quickly from this setback.

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