S&P may downgrade Israel's sovereign credit rating if war with Hamaz expands beyond Gaza - S&P EMEA Director
- "The negative outlook on the ratings implies that we currently see at least a one-in-three chance of a downgrade over the next one to two years"
- "We could also lower the ratings if the impact of the conflict on Israel's economic growth, fiscal position, and balance of payments proves more significant than we currently project"