Israeli Prime Minister Benjamin Netanyahu minimized the importance of Moody's decision to lower Israel's credit rating and downgrade its future outlook due to the ongoing conflict with Hamas.
"The Israeli economy is strong. The rating downgrade is not connected to the economy, it is entirely due to the fact that we are in a war," Netanyahu said in a statement on Saturday. He further expressed confidence that once Israel wins the war the rating will improve.
Moody's downgraded Israel's credit rating from "stable" to "negative" citing the impact of the conflict with Hamas on the country's financial system.
