Moody’s downgrades Israel’s credit rating due to Hamas conflict

Moody’s forecasts a substantial increase in Israel’s defense spending due to the conflict with Hamas. The agency’s baseline scenario reflects the financial strain caused by Israel’s extensive offensive. Israeli forces are preparing for a ground assault in Rafah, where over a million people have been displaced. The ongoing war, which has persisted since October 7, represents the latest chapter in the protracted conflict between Israelis and Palestinians.

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