A new economic blow to the occupying body/ Israel’s credit rating downgraded – Mehr news agency RCO News Agency

According to Mehr news agency, quoted by Al-Mayadin, a few days after the double reduction of the credit rating by the financial and commercial services company.Moody’s“And following the blows that the Zionist regime received from the Islamic resistance in Lebanon, the rating service company “Standard are Powers“, the largest credit rating company in the world, announced an immediate and premature reduction of the occupation regime’s credit rating and predicted a negative outlook for the economic future of this regime.

Therefore, the report, the company “Standard are PowersOn Tuesday evening and Wednesday morning, he decided to reduce the credit rating of the Zionist regime by one degree from A+ to A and predicted an unpleasant future for the economy of this regime.

The firm’s economists attributed the downgrade to the “intensification of the conflict” between the Israeli regime and Hezbollah in recent days, which they said “is likely to continue more intensely and be prolonged.”

The decision to downgrade had been made even before Iran’s missile attack last night, but the announcement of the decision was accelerated ahead of schedule, five weeks ahead of schedule, due to developments on Tuesday night.

It is stated in the report that: “The publication of this announcement outside the designated time was due to the sharp increase in geopolitical and security risks in the cabinet of the Zionist regime.”

The company also predicts that the conflict in Gaza and the escalation of conflicts on the northern borders of the occupied territories, with the possibility of conducting ground operations in Lebanon, along with the possibility of developing a reaction against the Zionist regime, may continue until 2025.

Accordingly, the company expects the economic recovery of this regime to be delayed, and for this reason, it has lowered its real growth forecasts to a rate of 0% in 2024 and 2.2% in 2025.

The credit company continued its forecasts saying that the budget deficit is likely to reach 9% of GDP this year (which is much higher than the 6.6% target of the occupying government) and 6% next year (while The goal of the Ministry of Finance of the Zionist regime is 4 percent.

“Standard” company are PowersIt notes that the occupying government “is still committed to implementing fiscal measures in the budget, including a series of measures such as cutting government ministries, freezing tax rates, etc., in order to stop the increase in debt-to-GDP.”

This downgrade is due to the increase in geopolitical and security risks in the region and the possibility of continued tensions until 2025.

In recent days, the economic and political situation of the Zionist regime has been greatly affected by military developments and growing tensions in the region. In particular, the conflicts between this regime and Lebanon’s Hezbollah have intensified and concerns about the spread of these tensions to other regions have increased.

These developments and the decisions of the accreditation agencies show deep concerns about the security and economic situation of the Zionist regime in the near future, especially in a situation where tensions with its neighbors and resistance groups in the region are increasing.