Israel was downgraded for the second time this year by Moody’s Ratings as the economic costs mount from almost 12 months of fighting in Gaza and an escalating conflict with Hezbollah.

Moody's on Friday downgraded Israel's credit rating two notches to "Baa1" from "A2" and maintained a negative outlook amid escalation of the conflict in the region with Lebanese armed group Hezbollah.

Moodys Investors Service (NYSE: MCO) downgraded Israels credit rating by two notches on Friday, from A1 to Baa1, amid escalating geopolitical tensions with the Lebanese armed group Hezbollah. The credit rating agency

Moody’s Investors Service has downgraded Israel’s credit rating for the second time this year, citing growing geopolitical risks and the prolonged conflict with Hezbollah in Lebanon. The agency lowered Israel’s rating from A2 to Baa1,

While it cited intensified geopolitical risk as the key driver in this ratings decision, the agency painted a complex and bleak picture of Israel's economic and political future.

Israel was downgraded again by Moody’s Ratings as the country’s economic costs continue to mount from nearly a year of fighting in Gaza and the intensifying conflict in Lebanon with Hezbollah. The ratings firm on Friday cut Israel two notches from A2 to Baa1,

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