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Fitch: Gaza Violence Could Impact Israel's Credit Rating

Fitch: Gaza Violence Could Impact Israel's Credit Rating

Thursday, 13 May, 2021 - 15:30
FILE PHOTO: The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause

The intensifying Israeli-Palestinian violence in Gaza could have a negative impact on Israel’s sovereign credit rating, Fitch warned on Thursday.

According to Reuters, Fitch affirmed Israel’s rating at A+ with a stable outlook in January but said that political and security risks that had a serious and prolonged impact on the economy could be driver for a “negative rating action.”

“The latest violence could pose some threats to the (ratings) outlook,” the firm’s analysts said in a report published on Thursday.

Earlier, Palestinian militants fired more rockets into Israel’s commercial heartland as Israel kept up a punishing bombing campaign in Gaza and massed tanks and troops on the enclave’s border.

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