Israel’s Credit Outlook Downgraded by Moody’s on Deterioration of Governance

Moody’s downgrades Israel’s credit outlook, citing ‘deterioration of governance’ Leading credit agency demotes outlook from positive to stable despite reported talks with PM, Herzog on overhaul compromise; keeps credit rating at A1 amid ‘strong economic growth’ By SHARON WROBEL and TOI STAFF 15 April 2023, 1:19 am Leading rating agency Moody’s downgraded Israel’s economic outlook from positive to stable on Friday, citing the “deterioration of Israel’s governance” amid months of upheaval over the government’s highly contentious bid to dramatically overhaul the judiciary. The report Friday confirmed fears that Israel’s credit outlook could be knocked down, as Moody’s had warned last month, if the hardline government of Prime…