Moody's downgrading of Israel's credit rating dismissed

Israeli Finance Minister Bezalel Smotrich brushed off Moody's downgrading of Israel's credit rating. He said that the decision linked to the Gaza war was not based on sound economic reasoning and was tantamount to a pessimistic "manifesto". "The Israeli economy is strong by all measures. It is capable of sustaining all war efforts, on the front line and home front, until, with God's help, victory is achieved," he said in a response to the decision published on Friday.