Israel’s Credit Rating Just Nosedived To Junk Status!

Israel's economy has been left reeling as their credit rating takes yet another hit as a consequence of Netanyahu's ongoing warmongering.
Right, so Israel’s economy. Its taken a beating as Netanyahu spends more money than he has sense – perhaps not saying a great deal – on weapons from abroad, chiefly the US. While it spends US public money as well on the same things, because the likes of Joe Biden and Antony Blinken have been essentially writing the blue and white state blank cheques it seems, billions of dollars spent to fund the atrocities we’ve borne witness to in Gaza and Lebanon and elsewhere besides.
It takes a toll and after having had their creditworthiness slide already, they’ve seen it downgrade again now, with Moody’s, the bond credit reference agency downgrading Israel’s economy to just three notches within the realms of still being a place worthy of investment still, yet given so much of Israeli investment plans have fallen through since the night of October 7th, this seems purely academic when we’re talking varying degrees of junk status here. Should the conflict between Israel and Lebanon break out into full scale war however, the warning is that Israel’s credit rating will fall further, and if it’s junk now, what would you call that?
Right, so Israel’s economy. It has nosedived over the past several months and it’s taken another dip now as Moody’s downgrade their creditworthiness down even further. Without a strong economy Israel cannot keep up its aggression towards the likes of Gaza or Lebanon, at least not without the US handing ever larger and more inexcusable packages of cash to keep it up, hardly the actions of honest peace brokers, but I don’t believe the US administration is.
A Reuters excerpt on this downgrade reads:
‘The downgrade kept Israel's rating three notches into investment grade. However, Moody's warned that uncertainties over the country's security and its longer-term economic growth prospects "are much higher than is typical at the Baa rating level." A drop below that level would mean Israel would lose its investment grade rating.
"The ratings would likely be downgraded further, potentially by multiple notches, if the current heightened tensions with Hezbollah turned into a full-scale conflict," Moody's said.
Typically, a loss of investment grade rating means a spike in the cost of servicing debt, and it could force some investors to sell their holdings - further pressuring lower the market price of Israel's bonds.
Rating agency Fitch downgraded Israel's credit rating to "A" from "A-plus" last month, and kept the rating outlook negative.’
Now some of you might be listening to this and think well Israel are being attacked too that in and of itself is going to have an impact and as much as I’d argue that is self inflicted, it does play a part, those opposed to Israel’s genocide know how Israel’s economy functions and how to hurt it.
Israel’s economy is almost entirely reliant on sea trade. It does not have good relations with it’s neighbours, that it might more readily trade with, a massive understatement I know as I’m sure you can imagine, with all the fronts Israel is currently engaged in conflict with.

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[nicekiwi-zd]

They blew up their tech sector last week, tourism is over too

[hokeypokeypots]

Nutanyahu isn't spending HIS money on arms. He 's spending the American taxpayer's money on arms.

[jeanetteeftekhar]

No sympathy. He is destroying the whole area.

[ike]

They don't need to borrow, the us taxpayer will just hand them money

[andybrown]

Who in their right mind would want to buy tech, electronics or similar small goods from israel following their terror attacks on lebanon?

[theimperialist]

Western media won't say anything about this as usual.

[davidhamilton]

This blood money goes straight into the pockets of the military industry in a big circle and ends up with Lacey frills in Starmer, s wifes underwear drawer

[gcmlrd]

It’s not likely to ever be business as usual.
I would never knowingly buy any product that had any relationship with Israel.

[domgould]

Its just the beginning.Who wants anything to do with them anymore?

[gcmlrd]

A country that produces exploding commodities may have a questionable reputation.

[KrmaRules]

Who would even trust them now, after the pagers incidents? I wouldn't risk it.

[nessunodorme]

This is in spite of a long standing US law that makes it literally impossible for Israel to default on loans from the US!

[hameratahir]

BDS people. Keep it up! 🇵🇸🇵🇸🇵🇸🇵🇸🇵🇸🇵🇸🇵🇸

[MillyTheStaffy]

*BDS* works too, so keep it up everyone!

[Davidpath]

“Settler Violence = State Violence” Israeli human rights group B’Tselem,
25 November 2021 “Since occupying the West Bank in 1967, Israel has misappropriated more than 2 million dunams( 1 duman= 10763.9 square feet) of land throughout the West Bank. Israel has taken over some of these areas using official means: issuing military orders, declaring the area “state land, ” a “firing zone” or a “nature reserve, ”. Other areas have been effectively taken over by settlers through daily acts of violence, including attacks on Palestinians and their property. Settler violence against Palestinians is part of the strategy employed by Israel’s apartheid regime, which seeks to take over more and more West Bank land. The state fully supports and assists these acts of violence,

[SimonLee-yj]

BDS is easier with the 'No Thanks' app. I was surprised when I scanned everything in my cupboard!

[woody]

It's not just Netanyahu. The leader of the opposition, Yair Lipid, was also happy when the walkie talkies went off. The whole Israel society is complicit to this masacre.

[amdansalleh]

Me & family ve' stopped buying everything related to them.... I ve a role in preventing genoside....

[obtuse]

So bibi's plan for peace, security and prosperity is working then. 😂

[EileenHall-jf]

There is light at the end of the tunnel. Whoever said “it’s the economy stupid”. I’m so pleased. This couldn’t happen to a better country.