Fitch Downgrades Israel Rating, Warns of ‘Further Deterioration’

Credit agency cites ’the continuation of the war in Gaza, heightened geopolitical risks, and military operations on multiple fronts.’

The Fitch Ratings logo at their offices at the Canary Wharf financial district in London on March 3, 2016. Reinhard Krause/Reuters

Fitch Ratings has downgraded Israel’s credit rating to A from A+, with a “negative” country outlook classification amid ongoing regional conflict.

“The downgrade to ‘A’ reflects the impact of the continuation of the war in Gaza, heightened geopolitical risks, and military operations on multiple fronts, an Aug. 12 Fitch report said.