Moody’s Maintains Israel’s Rating Amid Judicial Reform Concerns

In this photo illustration, Moody's Investors Service logo is seen on a smartphone screen. Moody’s said it believes the wide-ranging nature of the government’s proposals could materially weaken the judiciary’s independence and disrupt effective checks and balances between the various branches of government. PAVLO GONCHAR/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES.

In an unscheduled report released on Tuesday evening, global credit-rating agency Moody’s maintained Israel’s “stable” A1 rating.

Nevertheless, the agency warned of “negative consequences” for the country’s economy and security following the passing into law of key judicial reform legislation.