LONDON (Reuters) – A ceasefire in the war in Gaza should be positive for Israel’s credit rating, Fitch said on Thursday.
Israel’s ‘A’ rating is currently on a downgrade warning, or ‘negative outlook’ in rating agency speak.
“We’ve got Israel on negative, I guess that’s something that’s really related to public finances associated with the war,” Fitch’s head of sovereign ratings James Longsdon said at a conference held by the firm.
“To the extent that (war) can sort of stabilize, that would be positive I think there.”
