Posted on 04/15/23
| News Source: i24
The concern of Moody’s analysts over protests against overhaul is 'natural for those who do not know the strength of Israeli society'
Israel's Prime Minister Benjamin Netanyahu on Saturday criticized the global ratings agency Moody’s for downgrading Israel’s credit outlook from positive to stable.
The ratings agency showed an imperfect grasp of Israeli realities and a lack of faith in the famous resilience of the local economy, Netanyahu charged in a joint statement with Finance Minister Bezalel Smotrich.
“The concern that Moody’s analysts raise about the public controversy and its effect on Israel’s political and economic stability is natural for those who do not know the strength of Israeli society.”
“The analysts at the Moody’s ratings agency correctly recognize the strength of the Israeli economy in all indices and the correct and responsible economic leadership that we lead, with the wise management of public spending and in the advancement of growth-encouraging reforms,” the statement further read.
“As those who believe in the strength of Israeli society, its unity, and its ability to overcome disputes and crises, as it has done many times in the past, we are confident that with God’s help, it will be thus once more,” the statement concluded.