Originally published at: https://infostormer.com/israels-credit-rating-downgraded-by-sp/
Just before the Israelis attempted and failed to do a proper retaliation against Iran, S&P downgraded their credit rating. This is the second ratings agency to downgrade them.
RT:
International ratings agency S&P Global downgraded Israel’s long-term credit rating on Thursday, citing the risk of a military escalation with Iran.
S&P has become the second major US credit ratings agency to do so after Moody’s lowered Israel’s credit score in February due to the “ongoing military conflict with Hamas” in the country’s first-ever sovereign downgrade.
The agency cut Israel’s long-term foreign and local currency sovereign credit ratings to ‘A+’ from ‘AA-’ and the short-term ratings to ‘A-1’ from ‘A-1+’.
S&P explained that the negative outlook reflected the “risk that the Israel-Hamas war and the confrontation with Hezbollah could escalate or affect Israel’s economic, fiscal, and balance-of-payments parameters more significantly than we currently expect.”
The decision came hours before Israel carried out a series of strikes on Iran in the early hours of Friday. It came less than a week after Tehran fired a barrage of drones and missiles at Israel in response to a suspected Israeli strike on its consulate in Syria.
The Israeli economy is not in good shape. These downgrades only further prove that fact. That’s because it takes quite a bit for these agencies to do downgrades to begin with. They have a history of applying fake credit ratings for various political reasons. Just look at what they did back in the mid-2000s. They were putting top ratings on all sorts of dogshit mortgage-backed securities and what not.
The Jews have been importing Indian slaves to help them do work and other weirdness. Israel does not have a sound economic foundation and what they’ve done in Gaza etc.. is causing all sorts of problems for their economy. The whole Zionist entity has been built off of terrorism and fraud. This is becoming increasingly apparent by the day.