Israel's government on Saturday rebuffed an outlook downgrade on the country from credit ratings agency Moody's, while tens of thousands of Israelis returned to the streets to protest against a planned overhaul of the country's judiciary.
Moody's report issued on Friday marks the latest warning about a potential economic backlash to Prime Minister Benjamin Netanyahu's legislative push.
"Israel's economy is stable and solid and with God's help will remain so," Netanyahu and his finance minister, Bezalel Smotrich, said in a joint statement. "The wide-ranging nature of the originally proposed changes and the speed with which the government attempted to push them On the upside, it said, the country's positive economic and fiscal trends remain, should a solution be reached.
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