Ratings agency S&P Global on Thursday cut Israel's long-term ratings to A-plus from AA-minus after the confrontation with Iran heightened last weekend and amidst the already elevated geopolitical risks for Israel. 'We forecast that Israel's general government deficit will...
Ratings agency S&P Global on Thursday cut Israel 's long-term ratings to A-plus from AA-minus after the confrontation with Iran heightened last weekend and amidst the already elevated geopolitical risks for Israel . "We forecast that Israel 's general government deficit will widen to 8% of GDP in 2024, mostly as a result of increased defense spending," S&P Global said in its statement.
"We currently see several possible military escalation risks, including a more substantial, direct, and sustained military confrontation with Iran," the statement said.
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