Israeli Finance Ministry President Bezalel Smotrich described the decision of the international rating agency Moody’s Investors Service to lower the country’s credit rating as a “political manifesto”. This was reported by Jerusalem Post.
According to him, Moody’s decision is not based on serious economic arguments, but is a political manifesto based on a pessimistic and unfounded geopolitical worldview. This reflects a lack of confidence in Israel’s security and national strength, the minister said.
Smotrich added that the Israeli economy is strong in all respects and is ready to support all front-line military efforts until “victory is achieved.”
Before that Moody’s downloaded Israel’s long-term issuer ratings on foreign and local currencies rose from “A1” to “A2” with a negative outlook due to the ongoing military conflict between the country and the Palestinian movement Hamas.
Former Israeli Prime Minister Netanyahu promised to destroy It is Hamas.