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World
Moody's downgrade hits banking sector in Israel and raises expectations for more

Moody's downgrade hits banking sector in Israel and raises expectations for more

Moody's downgraded the long-term and short-term deposit ratings of Israel's five largest banks: Leumi, Hapoalim, Discount, Mizrahi-Tefahot and First International Bank of Israel to "P-2/A3" (A3/P-2). From "P-1/A2" level (A2/P-1) with negative outlook for long-term

World
Shekel falls after Israel's rating downgrade

Shekel falls after Israel's rating downgrade

12/2/2024,,Last updated: 2/12/202401:44 PM (Makkah Time)The exchange rate of the Israeli shekel fell against the dollar and the euro at the beginning of the week's trading following the decision by Moody's credit rating agency to