Israel's Credit Rating Downgraded to 'Negative' by Moody's Due to War With Hamas

The present conflict in Gaza has prompted Moody’s to issue grim warning, as the credit rating agency expects Israel to increase its military expenditures, nearly doubling the amount spent in 2022 by the end of 2024. Moreover, there is a risk of the conflict escalating, with the possibility of Hezbollah's involvement.