Fitch is the last of the three rating agencies to downgrade Israel's credit rating since the Gaza war began, following Moody's and S&P; Finance Minister Smotrich said the move was 'expected' citing Israel's 'most costly existential war' to date
The rating, published earlier this month, removed a negative watch on Israel's score - an indicator that Fitch no longer plans to drop its rating in the near term.
Fitch Ratings maintained Israel's "A+" sovereign credit rating on Tuesday and removed the country from "rating watch negative" despite concerns over Israel's war against the Palestinian terrorist group Hamas in Gaza. At the outset of the conflict in October, Fitch placed Israel's sovereign debt rating on negative watch and warned a major escalation of […]