What does Moody's downgrade of Israel's credit rating mean?
The ratings agency Moody’s has downgraded Israel’s credit rating due to the impact of the ongoing war with Hamas. Moody's also lowered its outlook for Israel’s debt to “negative” due to the risk of an escalation with Hezbollah along the northern border. Prof. Avi Weiss, President of the Taub Center and professor of economics at Bar-Ilan University, spoke to KAN's Naomi Segal about the move.