Israel’s Rating Cut by Fitch as War Seen Lasting Into 2025

Fitch Ratings News

Israel’s Rating Cut by Fitch as War Seen Lasting Into 2025
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(Bloomberg) -- Israel’s sovereign debt was cut by one notch by Fitch Ratings, which kept a negative outlook on the credit as continued military conflict...

-- Israel ’s sovereign debt was cut by one notch by Fitch Ratings , which kept a negative outlook on the credit as continued military conflict weighs on the country’s public finances .In DNC, Chicago’s Embattled Transit System Faces a High-Profile Test

Fitch projects the nation’s budget deficit could reach 7.8% of gross domestic product this year from 4.1% in 2023, and expects debt to remain above to 70% of GDP in the medium term. The median for A rating peers is 55% for 2025, Fitch said. Israel reported last week its 12-month trailing deficit widened to 8.1% of GDP in July, from 7.7% at the end of the previous month.

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