Moody’s warns it could downgrade Israel’s credit rating because of war with Hamas | CNN Business

CNN  — 

Moody’s Investors Service warned Thursday it could downgrade Israel’s credit rating due to the severity of the military conflict with Hamas.

A downgrade could make it more expensive for Israel to borrow just as the country gears up for what could be a prolonged war.

“Israel’s credit profile has proven resilient to terrorist attacks and military conflict in the past,” Moody’s said. “However, the severity of the current military conflict raises the possibility of longer lasting and material credit impact.”

Moody’s said its review will focus on the duration and scale

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