Israel's credit rating under threat
The country may be downgraded if the war expands beyond Gaza, S&P has warned
Global credit rating agency S&P warned on Monday that it could cut Israel's sovereign credit rating if the war with the Palestinian militant group Hamas expands to other fronts.
In October, S&P maintained Israel's 'AA-' rating but lowered the country's credit outlook from 'stable' to 'negative', citing risks that t