The American credit rating agency Fitch lowers Israel's credit rating one notch, from A+ to A, with reference to the war in Gaza.
In its motivation, Fitch writes that the war not only can continue "far into 2025", but also risks spreading to more fronts.
"Apart from human losses, it can result in significant additional military expenditures, destruction of infrastructure, and damage to economic activity and investments, leading to a further deterioration of Israel's credit rating", writes Fitch.
Fitch is the third credit rating agency to lower Israel's credit rating since the war in Gaza began, reports Haaretz.
