Moody's downgrades Israel credit taking to A2 from A1

Bad news! The war is becoming expensive for Israel!

"Credit ratings agency Moody's on Friday concluded its review of Israel and downgraded the country to "A2" from "A1", citing material political and fiscal risks for the country due to its war with the Palestinian terrorist group Hamas. ..."

Moody's downgrades Israel credit taking to 'A2' - The Jerusalem Post Israel's war with Hamas is not the only issue noted by the ratings agency, citing the looming threat at Israel's northern border.