Israeli PM downplays Moody’s downgrade: credit will rise once we win war

Prime Minister Benjamin Netanyahu issues a rare statement over Shabbat playing down Moody’s decision to lower Israel’s credit rating and downgrade its future outlook, amid the ongoing war against Hamas.

“The Israeli economy is strong. The rating downgrade is not connected to the economy, it is entirely due to the fact that we are in a war,” the premier says.

“The rating will rise back at the moment we win the war — and we will win the war,” he predicts.

LINK: https://www.timesofisrael.com/liveblog_entry/netanyahu-on-moodys-downgrade-economy-is-strong-credit-rating-will-rise-again-once-we-win-war/