Israel-Gaza War, Economy

Finance Ministry Accountant General Says Moody's Downgrade Too Reliant on Hypotheticals

The Accountant General gave a press conference today where he said Israel is paying its debts and has bounced back from crises before, such as corona or geopolitical instability.

(Photo: Arie Leib Abrams/Flash90)

At a press conference he gave today (Monday), Finance Ministry Accountant General Yaheli Rotenburg said that while they respect the Moody's ratings agency, they disagreed with its decision to downgrade Israel's credit rating and tried unsuccessfully to appeal it, according to a report by Globes.

Rotenburg argued that Israel is in no danger of defaulting on its debts, and has bounced back from crises before, such as the covid lockdowns and geopolitical instability. He also stressed that the intensity of the war in Gaza is decreasing, while at least according to his ministry's assessment, a war in the north was not likely.

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