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Moody’s Downgrades Israeli Bank Rating

By Jspace Staff on 5/9/2012 at 5:20 PM

Categories: Business, Israel, Finance

Moody’s Downgrades Israeli Bank Rating

Moody’s international credit ratings agency downgraded Israel’s banking system outlook from stable to negative Tuesday, citing a predicted economic drop-off. “The negative outlook reflects the projected slowdown in economic growth and the country’s challenging operating environment which will continue over the 12-18 month outlook period,” Moody’s explained in a press release. The report referenced the weakening export demand that will result from an unresolved Eurozone …More