Gad Lior

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Gad Lior

S&P slashes Israel’s credit rating, citing wscalating regional tensions

Days after Moody’s downgraded Israel’s credit rating, S&P follows with immediate and earlier-than-expected downgrade, adding negative outlook; citing escalating conflict with Hezbollah, S&P projects zero growth for 2024 and 9% deficit

Gad Lior | 10.02.24

ראש הממשלה, שר האוצר ומשרדי סוכנות הדירוג מודי'ס

Moody’s downgrades Israel’s credit rating by 2 levels amid economic concerns over war costs

Israel’s credit rating down from A2 to Baa1, agency cites government’s ineffective handling of war expenses; report warns deficit for 2024 and 2025 will significantly surpass set targets

Gad Lior | 09.28.24

Moody’s to lower Israel's rating for second time in a year on Friday

International credit rating company set to file harsh report detailing worry for Israeli economy amid government inaction and expanding war on northern border

Gad Lior | 09.27.24

Economists warn Israel of credit downgrade avalanche in war with Hezbollah

Israel’s credit rating, already downgraded by all major agencies, could face further hits if all-out war with Hezbollah erupts; economists warn this could lead to higher interest rates and shake investor confidence in country's financial stability

Gad Lior | 09.24.24

Bank of Israel averse to axing 200-shekel banknote

Israel's central bank issues statements against Netanyahu's plans to remove banknotes from circulation, but doesn't elaborate on specific reasons for denying move

Gad Lior | 09.24.24

פעילות אנשי פיקוד העורף בזירת הנפילה בקריית ביאליק

'Damage in northern Israel amounts to 1 billion shekels,' tax official says

Damages reported across northern Israel since start of war on October 7 continue to climb amid conflict with Hezbollah, compensation fund director reports; damages to south estimated at additional 1.5 billion shekels

Gad Lior | 09.23.24

Kill bill: Netanyahu pushing for quick phase-out of 200-shekel banknote

As part of fight against black market money, officials considering eliminating highest denomination of Israeli currency soon and gradually phasing out cash entirely; plan includes voluntary disclosure campaign and lowering transaction approval threshold

Gad Lior | 09.20.24

Moody's set to downgrade country's rating for second time, Israeli market officials fear

Following a third downgrade by Fitch, economy official says it's only 'a matter of time' until Israel's credit ratings will fall once again

Gad Lior | 08.19.24

Netanyahu, Smotrich backdown from embargo of Turkish import to PA

Senior finance officials claim the proposed move was utter folly and would harm the Israeli economy far more than Turkey's; PM and Finance Minister cave under pressure from business community

Gad Lior | 08.19.24

What does Fitch's decision to downgrade Israel's credit rating mean for its economy

International rating agency has become the third to downgrade Israel’s credit rating, citing concerns over controversial financial policies and ongoing regional tensions

Gad Lior | 08.14.24

Fitch lowers Israel's credit rating

Fitch estimates that the government's deficit would increase to 7.8% of GDP in 2024, due to the high cost of the war and the funding of displaced Israelis from the north

Gad Lior | 08.13.24

Tel Aviv Stock Exchange rises as shekel gains, global markets recover

TA-35 and TA-125 indices up 1.5% and 1.8%, respectively; shekel strengthens against major currencies after sinking to 9-month low, with US dollar trading at 3.78 shekels

Gad Lior | 08.07.24

Tel Aviv stock markets, shekel continue downward trend amid security concerns

Shekel looses 5% of its value in just 10 days after trading at 4.2 shekel against the euro and 3.38 against the dollar; analysts say that if an attack from Iran is delayed the trend could see a correction to the currency devaluation

Gad Lior | 08.05.24

Israeli banks, Jewish Agency to provide financial assistance to self-employed IDF reservists

The initiative, with a financial scope of 100 million shekels, will provide grants of thousands of shekels each to reservists whose businesses were affected by the war, and the amount will depend on the number of reserve days served and the size of the business

Gad Lior | 08.04.24

Tel Aviv Stock Exchange drops following Houthi retaliation threat

Following Houthi threats of retaliation after Israel's air strike in Yemen, Tel Aviv Stock Exchange records sharp declines

Gad Lior | 07.21.24