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Moody's Decision to Not Only Lower Israel's Credit Rating, but to Downgrade Its Credit Outlook, Has Caught Officials in Jerusalem by Surprise. While It Is Still Too Early to Determine the Financial Ramifications of the Move, It Represents a Severe Blow to Israel's International Image
(Bloomberg) -- Egypt was downgraded further into junk territory by S&P Global Ratings, as the North African nation struggles with a severe shortage of hard currency.Most Read from BloombergIsrael Latest: Hamas Releases Two US Hostages After Secret TalksHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Does Israel Get Its 220,000 Barrels of Oil Every Day?UAW and General Motors Inch Toward Tentative Deal, Un
(Bloomberg) -- Egypt was downgraded for the second time this month, as the North African nation struggles with a severe shortage of hard currency.Most Read from BloombergUS Push for Release of Hostages Delays Israeli Ground War, But Won’t Stop ItIsrael Latest: Oil Declines as Hostage Talks Delay Gaza InvasionCar Owners Fall Behind on Payments at Highest Rate on RecordSaudi Arabia Mulls Buying Dassault Combat Jets, Tribune SaysModerna Shaves Off $7 Billion in Value After Pfizer WarningS&P Global