Israel’s finance minister blasts Moody’s downgrade of the the country’s credit rating – The Associated Press

No Comments

Premium Domain Names for Sale at CrocoDom.com
Copyright 2024 The Associated Press. All Rights Reserved.
FILE – Bezalel Smotrich, Israeli Minister of Finance, addresses the parliament in Jerusalem, March 27, 2023. Israel’s finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating. Bezalel Smotrich says the decision “did not include serious economic claims.” In its announcement Friday, Feb. 9, 2024, Moody’s warned that the ongoing war in Gaza and a possible war in the north with Hezbollah could adversely affect Israel’s economy. (AP Photo/Maya Alerruzzo, file)
TEL AVIV, Israel (AP) — Israel’s finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating, saying the announcement is a “political manifesto” that “did not include serious economic claims.”
Moody’s dropped the rating on Israel’s debt on Friday, warning that the ongoing war in Gaza and a possible war in the north with Hezbollah could adversely affect Israel’s economy.
It is the first time Moody’s has lowered Israel’s credit rating, which is used by investors to measure the riskiness of investing in a global entity or government. Moody’s downgraded Israel from A1 to A2 and said the outlook for the country’s economy was “negative.” The A2 rating nonetheless continues to carry relatively low risk, according to Moody’s.
Finance Minister Bezalel Smotrich angrily dismissed the decision. The announcement “reflects a lack of confidence in Israel’s security and national strength, and also a lack of confidence in the righteousness of Israel’s path against its enemies,” he said in a statement from his office.
Prime Minister Benjamin Netanyahu said on Saturday that Israel’s economy was strong and “the downgrade is entirely due to the fact that we are at war.” He vowed that once the war ended, the rating would go up once again.

Still, Israeli officials fear that the Moody’s downgrade could lead other major agencies also to downgrade Israel’s outlook.
That could impact Israel’s economy because it will make it harder for the government to raise money by selling bonds, said Michel Strawczynski, a professor of economics at the Hebrew University in Jerusalem and the former director of the research department at the Bank of Israel.
“If the war is long, it will have an impact, but if it’s not too long, the impact will be much less,” he said.
Israel’s economy bounced back after previous wars with Hamas, but the current war is much longer than any of those. It has included huge military expenditures as well as massive callups of reservists, straining the economy by removing them from the work force.
Bank of Israel Gov. Amir Yaron said on Sunday in response to Moody’s announcement that the Israeli economy was resilient and already showing signs of recovery in November, the month after the war broke out.
Even before then, though, Israel – an entrepreneurial dynamo with an economy rivaling countries in Western Europe — was struggling. Concerns about Israel’s governance, rising inflation and a worldwide slowdown in tech investments last year also weighed on the economy.
Its coffers, once swollen by tech investments, were also hit by Prime Minister Benjamin Netanyahu’s proposed judicial overhaul, which attempted to dilute the powers of the country’s courts.
Moody’s had raised concerns that the plan could weaken Israel’s investment climate. The report released on Friday praised the “strong checks and balances” that led to the shelving of the judicial overhaul in January.
Copyright 2024 The Associated Press. All Rights Reserved.

source
Premium Domain Names:

A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.

Top-Level Domain Names for Sale on Crocodom.com:

If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.

Contact at crocodomcom@gmail.com:

If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at crocodomcom@gmail.com. Feel free to contact them for any questions related to the domain names or the purchasing process.

Availability on Sedo.com, Dan.com, and Afternic.com:

Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.

#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading

About us and this blog

We are a digital marketing company with a focus on helping our customers achieve great results across several key areas.

Request a free quote

We offer professional SEO services that help websites increase their organic search score drastically in order to compete for the highest rankings even when it comes to highly competitive keywords.

Subscribe to our newsletter!

There is no form with title: "SEOWP: MailChimp Subscribe Form – Vertical". Select a new form title if you rename it.

More from our blog

See all posts

Leave a Comment