The intensifying Israeli-Palestinian violence in Gaza could have a negative impact on Israel’s sovereign credit rating, Fitch warned on Thursday.
According to Reuters, Fitch affirmed Israel’s rating at A+ with a stable outlook in January but said that political and security risks that had a serious and prolonged impact on the economy could be driver for a “negative rating action.”
“The latest violence could pose some threats to the (ratings) outlook,” the firm’s analysts said in a report published on Thursday.
Earlier, Palestinian militants fired more rockets into Israel’s commercial heartland as Israel kept up a punishing bombing campaign in Gaza and massed tanks and troops on the enclave’s border.
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