Fitch Lowers Israel’s Credit Rating Amid Gaza Conflict
Fitch downgrades Israel’s rating from A+ to A, citing the Gaza conflict’s impact on the economy, increased military spending, and higher geopolitical risks.
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Fitch Predicts Increased Fiscal Support for China’s Economy in H2 2024
Fitch Ratings’ analyst Jeremy Zook anticipates increased fiscal support for China’s economy in the second half of 2024 as the government shifts focus to high-tech industries like electric vehicles and renewable energy.
China’s Finance Ministry Defends 3% Deficit Ratio Amid Fitch Downgrade
China’s Finance Ministry reaffirms its 3% deficit ratio for 2024 as ‘moderate’ and ‘rational’ following Fitch’s downgrade of China’s credit outlook, emphasizing commitment to economic growth and credit standing.