Fitch has downgraded Israel's credit rating to A, attributing the move to ongoing war, escalating geopolitical risks, and a budget deficit expected to reach 7.8% of GDP with debt surpassing 70% of the GDP. The downgrade reflects concerns over infrastructure damage, economic setbacks, and declining investments.
Moody's prior downgrade, coupled with the 8.1% trailing deficit, emphasizes the need for a responsible 2025 budget focusing on gradual debt reduction. Finance Minister commitments to fiscal stability and growth promotion echo the necessary measures to address the fiscal challenges ahead.
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