this post was submitted on 11 Feb 2024
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[–] maynarkh@feddit.nl 25 points 2 years ago (2 children)

Finance Minister Bezalel Smotrich angrily dismissed the decision. The announcement “reflects a lack of confidence in Israel’s security and national strength, and also a lack of confidence in the righteousness of Israel’s path against its enemies,” he said in a statement from his office.

Why would a Moody's rating take "the righteousness of Israel’s path" into account?

[–] FaceDeer@kbin.social 6 points 2 years ago (2 children)

Because it will impact them economically, of course. People are less likely to invest in a country that is at risk of being sanctioned, whether "officially" or via unofficial boycotts.

[–] SlopppyEngineer@lemmy.world 3 points 2 years ago

People working in Israel reported half their workers not showing up because they had been recalled to serve in the army. Stuff like that doesn't help for business.

[–] NoneOfUrBusiness@kbin.social 1 points 2 years ago

Your friendly reminder to check BDS targets, globally and in your country.

[–] hark@lemmy.world 4 points 2 years ago

He should be careful of what he wishes for because if they factored in "the righteousness of israel's path" then the credit rating would be C.