Credit rating agency Fitch on election results: 'Economy could face paralysis'

|
Credit rating agency Fitch warned today in a document it published, which does not constitute a credit rating announcement, that the Israeli economy could face political paralysis that would also affect it. In the background is an A credit rating with a negative outlook, a situation that could lead to a future rating downgrade, a situation the company may take into account. The document states that the current rating is appropriate for now, but the inability to form a government soon will make it difficult to reduce Israel's government debt, which currently stands at about 70% of GDP (compared to 60% before the war). The company warned of political instability in the near future in Israel if a government is not formed and new elections are called.
Comments
The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.
""