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The updated credit score, along with the other recent ratings, has the potential to impact Israel's economy in a number of ways.
Fitch projected a central government budget deficit of 3.9% for Israel in 2025.
The sharp rate increase sparked a rally for the Turkish lira, which appreciated as much as 2%.
The first signs of his downgrade came before October 7. The legal reform surprised many leaders of the free world.
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