Forex

Fitch cuts Israel's credit ranking to 'A' on war pressures

.Evening attend Tel AvivFitch decreased Israel's debt score to 'A' from 'A+' on Monday, pointing out aggravating geopolitical risks. It remains to have a damaging overview." In our sight, the problem in Gaza might last properly in to 2025 as well as ther are threats of it widening to other fronts," Fitch claimed in a statement.Fitch expects Israel to permanently boost army costs through close to 1.5% of GDP compared to pre-war levels. ----- The bright side is that ratings agencies mistake on pretty much whatever.