Moody’s Downgrades Israeli Bank Rating
By Jspace Staff on 5/9/2012 at 5:20 PM
Categories: Business, Israel, Finance
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

