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Introduction – Jan 30, 2024

Things are looking bad for Israel, not just militarily but economically too.

The Israeli Defence Force (IDF) has seen what remains of its once proud reputation in tatters as it struggles against a relatively lightly armed, yet determined militia.

This hasn’t been helped by the fact that the army that once boasted of being the “most ethical army in history” has now killed more than 26,000 Palestinians civilians, the majority of whom were women and children.

No big surprise then that the adverse publicity from the Gaza conflict has generated rising public hostility toward Israel across the globe.

To make matter worse, as the conflict has dragged on the credit ratings agency Moodys has been forced to reconsider Israel’s rating.

This is not to repeat ‘anti-Semitic’ tropes about Jewish money lenders but to underline the fact that the future for Israel as we now know it looks increasingly uncertain. In essence what we see in Israel is a working example of collective karma at work. Ed.

Moody’s planning to downgrade Israel’s credit rating due to war — report

Times of Israel – Jan 20, 2024

The US ratings agency Moody’s is planning to downgrade Israel’s credit rating due to the war with Hamas, the Ynet news site reports.

Ynet says it has learned the ratings agency plans to take the step soon, but did not cite sources.

In October, Moody’s announced that it had put the Israeli government’s A1 credit ratings on review for downgrade, citing the “unexpected and violent conflict between Israel and Hamas.”

The severity of the conflict, sparked by the deadly shock assault by Hamas on southern Israel on October 7, “raises the possibility of longer lasting and material credit impact,” Moody’s said at the time.

 

Source