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International Business Times
International Business Times
World
AFP News

Fitch Downgrades Israel Citing War In Gaza

US ratings agency Fitch says ongoing war in Gaza is ramping up Israel's military spending while threatening tourism and production in border areas (Credit: AFP)

US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity.

Fitch lowered Israel's rating from "A+" to "A".

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