The decision was political and did not put forward any ‘serious’ economic claims, according to Finance Minister Bezalel Smotrich Israeli leaders have lashed out against Moody’s downgrade of the country’s credit ratings on Friday. The country’s sovereign rating was lowered from A1 to A2 and its outlook kept at “negative” due to what the ratings agency believes are the political and fiscal risks stemming from the country’s continuing war with Hamas. Israeli Finance Minister Bezalel Smotrich on Sunday slammed the downgrade – the first in the country’s history – as a “political manifesto.” He said it was based entirel
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