Moody's Downgrades Israel's Credit Rating

LONDON, UK - Moody's Ratings has downgraded the government of Israel's long-term local and foreign-currency issuer ratings from A2 to Baa1. The local-currency and foreign-currency senior unsecured ratings have also been downgraded to Baa1, Moody's 8th highest rating, along with the foreign-currency senior unsecured shelf and MTN ratings, which were lowered from (P)A2 to (P)Baa1. The outlook for these ratings, the ratin