Israel’s Credit Rating Downgraded Amid Hezbollah Conflict
Wednesday, 02 October 2024 03:49 [Last Update: Wednesday, 02 October 2024 03:51]
The recent escalation of conflict between Israel and Hezbollah in Lebanon has led to a downgrade in Israel’s credit rating by a financial agency. The agency cited risks to Israel’s growth, public finances, and balance of payments as key factors in the decision.
This downgrade comes after Iran launched missiles at Israeli territories, prompting international concern. While some Western countries came to Israel’s defense, reports and videos on social media suggest that many of the missiles hit their targets.
Amidst the escalating tensions, the UK defense secretary confirmed British involvement in defending Israel and stressed the importance of US support for Israel in any conflict with Iran. Pro-Israel groups in the US have also been calling on elected representatives to show solidarity with Israel and condemn Iran’s actions.
The situation remains tense as Israel, with the support of its allies, navigates the complexities of regional conflicts and security threats.