Moody's has placed Israel's A1 rating on review for downgrade

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Moody's places Israel's A1 ratings on review for downgrade</p><ul><li>Israel's backed
senior unsecured rating has been affirmed at aaa</li><li>On Israel says
placed on review for downgrade Israel's a1 foreign-currency and
local-currency senior unsecured ratings</li><li>Says Israel's backed
senior unsecured rating has been affirmed at aaa</li><li>Says placed on
review for downgrade Israel's (p)A1 foreign-currency senior unsecured
shelf and senior unsecured MTN programme ratings</li><li>Will also assess
whether the conflict will interrupt or reverse previously expected
positive trends in debt metrics in Israel</li><li>Says the review
period may be longer than the typical three months</li><li>Says due to conflict
there is a diversion risk of resources, investment drop, loss of
confidence, which may undermine economic outlook</li></ul><p>Moody's cite negatives due to conflict. </p><p>more to come</p><p>The shekel had been pointing this way already. Like everything else ILS had been weak against the strong dollar, but that worsened notably after the terror attacks and escalation. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.