Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sources to Al Mayadeen: Sudan chief Abdul Fattah al-Burhan meeting with US advisor on Africa affairs in Switzerland.
Al Mayadeen's correspondent: Israeli drone strike targets Zibqin Valley, southern Lebanon.
Yemeni Armed Forces Spokesperson Yahya Saree: Armed Forces launched six drones at vital targets in occupied territories in Haifa, al-Naqab desert, Umm al-Rashrash, and Beer al-Sabe.
Axios: US envoy to Syria Barrack to meet Israeli Strategic Affairs Minister and Syrian FM on Wednesday.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets town of al-Naqoura.
AFP, citing a Palestinian source: A Hamas leadership delegation, headed by Khalil al-Hayya, is expected to arrive in Cairo today or tomorrow morning at Egypt’s invitation.
Militants kill 9 Pakistani soldiers in Balochistan: govt official
Al Mayadeen's correspondent: One martyr and several others injured after an Israeli drone targeted a vehicle in Deir al-Balah, central Gaza Strip
Al Mayadeen's correspondent: Israeli raids and artillery shelling targeted civilian homes in the Al-Amal neighborhood, northwest of Khan Younis, in the southern Gaza Strip
Al Mayadeen's correspondent in Gaza: 10 prisoners arrive at Al-Aqsa Martyrs Hospital in Deir al-Balah after being released from Israeli prisons

Fitch lowers 'Israel's' rating to 'A', negative outlook amid genocide

  • By Al Mayadeen English
  • Source: Fitch Ratings
  • 13 Aug 2024 04:36
2 Min Read

Fitch Ratings cites "ongoing war and geopolitical risks" as the driving factors behind the downgrade.

Listen
  • x
  • This photo shows signage for Fitch Ratings, Sunday, Oct. 9, 2011, in New York. (AP)
    This photo shows signage for Fitch Ratings, Sunday, October 9, 2011, in New York. (AP)

Fitch Ratings has lowered "Israel's" credit rating from "A+" to "A" with a negative outlook, citing the ongoing war against the Gaza Strip which has had a tremendous impact on "Israel's" public finances. 

Analysts at Fitch noted that the downgrade "reflects the impact of the continuation of the war in Gaza, heightened geopolitical risks, and military operations on multiple fronts." It was also reported that they anticipate the Gaza conflict could persist until 2025 and potentially expand to other fronts.

Fitch also highlighted that increased military spending, human losses, infrastructure damage, and continued economic and investment disruptions could lead to further credit deterioration. Regional tensions remain high.

Related News

Israeli drone strikes target southern Lebanon, injure four

Al-Qassam, al-Quds Brigades detail series of Gaza operations in July

The agency forecasts "Israel's" budget deficit will reach 7.8% of GDP this year, up from 4.1% in 2023, and that public debt will remain above 70% of GDP in the medium term.

Last week, "Israel" announced its 12-month budget deficit had widened to 8.1% of GDP in July, compared to 7.7% the previous month. Finance Minister Bezalel Smotrich described the conflict as an existential war, the longest and most economically costly in "Israel's" history.

Additionally, Tel Aviv has dropped 17 places in Henley & Co's 2024 richest cities ranking, now at 47th. The city has 10 billionaires, 82 capitalists with over $100 million, and 24,300 millionaires, a 12% decrease from last year. Approximately 300 investors with liquid assets of $1 million or more left Tel Aviv last year.

Read more: Moody's downgrades 'Israel's' credit rating due to war on Gaza

  • Israel
  • Israeli economy
  • Fitch
War on Gaza

War on Gaza

Most Read

India halts $3.6B Boeing deal after Trump slaps harsh tariffs

India halts $3.6bln Boeing deal following Trump's harsh tariffs

  • Economy
  • 6 Aug 2025
Hezbollah says disarming Resistance is a blow to Lebanon’s sovereignty

Hezbollah to overlook cabinet decision; Amal urges corrective approach

  • Politics
  • 6 Aug 2025
Everything we have seen occur across the region over the past 22 months teaches the Arab public that capitulation spells the end of their nations and leaves them vulnerable to endless abuses. (Al Mayadeen English; Illustrated by Batoul Chamas)

The US wants Lebanon, Gaza and Iraq to disarm and will fail

  • Opinion
  • 7 Aug 2025
We must honestly evaluate such moves less as vaguely well-intentioned acts of political virtue signaling and more as active campaigns of counterinsurgency designed only to save "Israel" from itself. (Al Mayadeen English; Illustrated by Batoul Chamas)

European gestures towards a Palestinian state ultimately serve 'Israel'

  • Opinion
  • 8 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Macron admits France’s role in brutal Cameroon decolonization war
Politics

Macron admits France’s role in brutal Cameroon decolonization war

Elders group warn of Gaza genocide, urge sanctions on Israeli leaders
Europe

Elders group warns of Gaza famine, urges sanctions on Israeli leaders

Hamas in Cairo for talks on new Gaza ceasefire proposal: AFP
Politics

Hamas in Cairo for talks on new Gaza ceasefire proposal: AFP

A protestor holds a sign during a demonstration calling for a ceasefire in Gaza outside of an EU summit in Brussels, Thursday, Dec. 14, 2023 (AP)
Politics

Jacobin: The European Union's complicity in the Israeli genocide

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS