WASHINGTON: The US ratings agency Moody’s has put the Israeli government’s A1 credit ratings on review for downgrade, citing the “unexpected and violent conflict between Israel and Hamas.”
The severity of the conflict, sparked by the deadly attack by Hamas on southern Israel on October 7, “raises the possibility of longer lasting and material credit impact,” Moody’s said in a statement Thursday.
More than 1,400 people were killed in the attack, mostly civilians who were shot, mutilated or burnt to death on the first day of the raid, according to Israeli officials.


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