Israel: "Moody's Credit Rating Downgrade is Political"

Bezalel Smotrich, Israeli Minister of Finance

International credit rating agency Moody's downgraded Israel's sovereign credit rating, prompting Israeli Finance Minister Bezalel Smotrich to condemn the move as irrational and political.

According to foreign media on the 10th (local time), Minister Smotrich stated in a press release that "the Israeli economy is strong by all standards."

On the 9th, Moody's downgraded Israel's sovereign credit rating from A1 to A2, placing it at the same level as countries like Poland and Chile. Moody's also revised Israel's credit outlook to 'negative.'

Minister Smotrich dismissed Moody's downgrade of Israel's sovereign credit rating as not based on solid economic grounds, calling it merely a "political manifesto based on a pessimistic and unfounded geopolitical worldview."

He emphasized, "The (Israeli economy) has the capability to sustain all war efforts on both the frontlines and the home front, and with God's help, has achieved victories so far."

Smotrich, one of the prominent far-right figures within Israel's ruling coalition, has been at the forefront of anti-Palestinian agitation.