Credit

Taking eight grandchildren on a cruise was exhausting, expensive, and worth every shekel - opinion

An Israeli grandfather reflects on the noise, expense, and exhaustion of taking eight grandchildren on a cruise, and why bringing the whole family together is worth it.

The Haifa Port Company estimates that international cruise companies will return to activity gradually in the coming years
Finance Minister Moshe Kahlon

Former finance minister Kahlon to admit offense in UnetCredit collapse case

A sign of a bank with a Swiss flag reflected on the window's building are pictured on March 20, 2009 in Geneva.

Judge says ‘No case, no ruling’ in Credit Suisse – Simon Wiesenthal Center settlement dispute

Moody's corporate HQ

Moody’s upgrades Israel’s credit outlook from 'negative' to 'stable'


Herzog: Judicial reform talks are being conducted seriously

The president stressed that he's the only person who "everyone is willing to come to and talk to honestly, openly and discreetly."

 PRESIDENT ISAAC HERZOG leads the first negotiation meeting over judicial overhaul compromises with representatives from Likud, National Unity, Yesh Atid and Labor, at the President’s Residence.

Moody’s: Main factor in Israel's downgrade was threat to judiciary

Moody's said the protests that have engulfed the country for the last 15 weeks were also a factor, but not the main one, in its decision to downgrade the credit outlook from positive to stable.

 Israelis protest against the government’s proposed judicial reforms in Tel Aviv on February 4.

Lapid: Moody's downgrade is 'proof' Netanyahu's gov't endangers Israelis

Lapid's comments came after the rating agency Moody's announced a downgrade of Israel's credit outlook to 'stable,' instead of 'positive.'

 Yesh Atid MK Yair Lapid is seen gesturing at the Knesset, in Jerusalem, on March 20, 2023.

Moody's downgrades Israel's credit outlook rating in warning to Netanyahu

Moody's wrote that 'the change of outlook to stable from positive reflects a deterioration of Israel's governance, as illustrated by the recent events.'

Moody's corporate HQ

Netanyahu, Herzog reached out to Moody's before credit outlook downgrade

If Israel's credit rating drops, Israel can expect a higher interest rate on short-term loans and inflation.

 Incoming prime minister Benjamin Netanyahu is seen next to Israeli President Isaac Herzog.

Treasury warns Smotrich: Judicial reform may lead to catastrophic losses

Smotrich: “My position regarding the reform is known and I believe that it has great opportunities for the economy.”

 Finance Minister Bezalel Smotrich and and Arnon Ben Dor, Chairman of the Histadrut hold a joint press conference in Tel Aviv on March 2, 2023.

Israel's credit rating would rise if it weren't for judicial reforms

Finance Minister Bezalel Smotrich stated that since Fitch, a credit ratings company, has kept Israel's credit rating above A+ that this is a sign of success, but in reality these are warning signs.

Why didn't Israel's credit rating improve?

Relief over Credit Suisse rescue short-lived as bank shares plummet

Credit Suisse shares slumped 62% in premarket trade to a new low while UBS lost 7.1%.

 SWITZERLAND’S NATIONAL flag flies above the logo of Swiss bank Credit Suisse at its headquarters in Zurich.

Israel faces 'long-term economic risk' due to judicial reform - Moody's

“If implemented in full, the proposed changes could materially weaken the strength of the judiciary and as such be credit negative,” the agency said.

Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, US, November 12, 2021.

Israeli credit market is growing, and Magen Credit just raised NIS 117m.

As Israel’s credit market grows in the wake of 2019’s implementation of credit scores, some hefty funds are flying into the sprouting sector.

 CEO of Magen Credit Hadar Tamarkin