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Israeli Caveat of Decline in Credit-Rating

Apr 15, 2023 05:25 pm

Benjamin Netanyahu, the Israeli Prime Minister, is harming the Israeli economy, according to Avigdor Lieberman, the leader of the Yisrael Beiteinu party.

He continued by saying that the Moody's Corporation's prediction of a drop in Israel's credit rating would be an economic disaster that would have an immediate effect on all Israelis. 

The leader of Israel's opposition, Yair Lapid, responded by stating that "the announcement by the credit rating Moody's Corporation is evidence that the regime's coup threatens the livelihood of every Israeli citizen," and that everything is falling under Netanyahu and Smotrich.

In light of the Israeli government's plan to erode the independence of the Supreme Court and damage the judicial system, the rating agency "Moody's" reduced Israel's credit rating outlook from "positive" to "stable."