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What does Moody's downgrade of Israel's credit rating mean?

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Sinopsis

The ratings agency Moody’s has downgraded Israel’s credit rating due to the impact of the ongoing war with Hamas in Gaza. The ratings agency also lowered its outlook for Israel’s debt to “negative” due to what is said was "the risk of an escalation” with Hezbollah along Israel's northern border. Prof. Avi Weiss, President of the Taub Center for Social Policy Studies in Israel and professor of economics at Bar-Ilan University, spoke to KAN's Naomi Segal about what the Moody's downgrade means. (Photo: Shutterstock)See omnystudio.com/listener for privacy information.