12.4 C
New York
Thursday, October 10, 2024

“S&P”: The expansion of the conflict in the Middle East is a danger to sovereign ratings

“S&P”: The expansion of the conflict in the Middle East is a danger to sovereign ratings

The agency also clarified on Wednesday that the escalation is in a conflict Israel With Hamas movementHezbollah It leads her to believe that it will continue until 2025.

It also indicated that the intensification of hostilities between Israel and Hezbollah increased the possibility of expanding a circle of destructive reactions between Israel andIran.

And it was “Standard & Poor’sIsrael lowered its long-term credit rating from A+ to A, citing increased security risks in light of the latest escalation in the conflict with the Hezbollah group in Lebanon.

The agency highlighted concerns about potential security threats, including retaliatory missile attacks against Israel, which could exacerbate the impact of tension on the economy.

Moody’s lowered Israel’s credit rating by two notches to Baa1 In September, it warned of downgrading it to “high risk” if the current escalating tension with Hezbollah turned into a full-scale conflict.



Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles