Israeli Leaders Rebuff Moody’s Outlook Cut, Protests Persist

A man speaks with the help of a megaphone, as he takes part in a performance, during a demonstration against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government's judicial overhaul, in Tel Aviv, Israel, on April 15, 2023. Nir Elias/Reuters

JERUSALEM—Israel’s government on Saturday rebuffed an outlook downgrade on the country from credit ratings agency Moody’s, while tens of thousands of Israelis returned to the streets to protest against a planned overhaul of the country’s judiciary.

Moody’s report issued on Friday marks the latest warning about a potential economic backlash to Prime Minister Benjamin Netanyahu’s legislative push.