• maynarkh@feddit.nl
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    1 year ago

    Finance Minister Bezalel Smotrich angrily dismissed the decision. The announcement “reflects a lack of confidence in Israel’s security and national strength, and also a lack of confidence in the righteousness of Israel’s path against its enemies,” he said in a statement from his office.

    Why would a Moody’s rating take “the righteousness of Israel’s path” into account?

    • FaceDeer@kbin.social
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      1 year ago

      Because it will impact them economically, of course. People are less likely to invest in a country that is at risk of being sanctioned, whether “officially” or via unofficial boycotts.

    • hark@lemmy.world
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      1 year ago

      He should be careful of what he wishes for because if they factored in “the righteousness of israel’s path” then the credit rating would be C.