web analytics
November 26, 2015 / 14 Kislev, 5776
At a Glance
News & Views
Sponsored Post

Moody’s Downgrades Israeli Banks’ Outlook to Negative

JewishPress Logo

The Moody’s credit rating agency lowered its outlook for the credit rating of Israel’s banking system from stable to “negative,” due to the economic challenges it faces in the next 12 to 18 months.

However, the agency did not lower the ratings of the banks themselves, and only two weeks ago has ratified the Israeli economy’s ranking with an A1 rating and a “stable” outlook. Moody’s also noted the Israeli economy’s proven resilience in the past.

The main reasons Moody’s offered for the potential downgrading are the slowing down of Israel’s economic growth in 2012, which is expected to shrink from 4.8% to 2.8%; the challenges posed by Israel’s geopolitical region; and difficulties in exporting Israeli goods to Europe.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Moody’s Downgrades Israeli Banks’ Outlook to Negative”

  1. "…and difficulties in exporting Israeli goods to Europe".

    So, I guess Moody's is predicting that the BDS movement will take hold in Europe. Disappointing, but not surprising.

Comments are closed.

Current Top Story
IAF aircraft during exercises, 11-26-15
IAF Policy: No Downing of Russian Aircraft Penetrating Israeli Airspace

Printed from: http://www.jewishpress.com/news/breaking-news/moodys-downgrades-israeli-banks-outlook-to-negative/2012/05/09/

Scan this QR code to visit this page online: