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Israel's Credit Rating Downgraded by Moody's, Outlook 'Negative' due to War with Hamas

The present conflict between Israel and Hamas in Gaza has prompted credit rating agency to issue grim warnings. This stems from Moody s anticipation of Israel increasing its military expenditure, nearly doubling the amount spent in 2022 by the end of 2024. However, there s a risk of the conflict escalating, with the possibility of Hezbollah s involvement. ....

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