Lapid: Israel needs a new and efficient cabinet

According to the Fars News Agency International Group, Yair Lapid, the leader of the opposition parties in the Zionist regime’s cabinet, on Saturday once again criticized the Prime Minister of this regime, Benjamin Netanyahu.

He said: “The downgrading of Israel’s credit rating is another evidence that this government is not doing its duty and is harming the people.” Lapid added: “Israel It needs a new and efficient cabinet”.

Earlier, the American credit rating agency Moody’s rated Israel’s credit rating for the first time since the regime joined the agency’s rating scheme in 1995 with the outlook It lowered the negative rating to “A2” and announced that it presented this conclusion after examining Israel’s conditions as a result of the Gaza war.

It is the ongoing war in Gaza and its wider ramifications that increase the political risks for Israel. More broadly, it has done so, increasing the political risks for Israel as well as weakening its executive and legislative institutions and financial strength for the foreseeable future.

The institute added: There are still risks of escalation of the conflict with Hezbollah in Lebanon in the north, and this increases the possibility of a major negative impact on Israel’s economy. Moody’s also predicted that the debt burden of Israel will be higher than the expectations before the war. This downgrade is due to the current state of war, but Israel’s economy is strong and will grow again when we win the war.

Last Wednesday, Fitch Ratings also announced that any escalation or expansion of the war between Israel and Hamas weakens the performance of Israeli banks. In a report on Israeli banks, the agency stated that the hypothesis of an escalation of the conflict could lower Israel’s rating in 2024.

The credit rating usually indicates the ability of countries to receive loans and the level of confidence in the ability They have to fulfill financial obligations on time. The better the rating of a country, the lower the risks associated with its borrowing, as a result, that country will have better conditions to receive loans with lower costs.

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