For the second time this year, the credit rating agency Moody's is downgrading Israel's credit status as an effect of the ongoing war. Moody's is lowering the status two notches, from A2 to Baa1, which is three levels from the country being considered "non-investment grade".
From Israel's perspective, the downgrade is considered "unfair" and "exaggerated". At the same time, it has been previously estimated that the conflict will cost Israel 66 billion dollars by the end of 2025, that is, twelve percent of the country's total GDP production.
