Fitch Ratings affirms Israel's A+ credit rating

Fitch Ratings has removed Israel from rating watch negative and affirmed the country's A+ credit rating amid the ongoing war with the Hamas terror group while retaining a negative outlook, the agency has announced.

According to Fitch economists, large-scale escalation of military actions could lead to a "large deterioration of Israel's credit metrics." The credit agency also anticipates an increase in Israel's budget deficit and government debt volume.