The boycott of the criminal state prevents any travel there anyway.
Israel’s credit downgrade amid risk of regional escalation is a call to take action
S&P cut Israel’s credit score warning about further downgrades in light of higher defense spending and a ballooning deficit; higher taxes are inevitable, says expert
Times of Israel
4-21-24
“Ratings agency S&P Global over the weekend joined Moody’s Investors Service in cutting Israel’s sovereign credit rating by one notch, as regional tensions with Iran heated up and the war with the Hamas terror group is expected to last longer than previously estimated.
The action in itself to lower Israel’s fairly high credit score to A+ from AA- as risks of a geopolitical escalation heightened was very much a fait accompli. The move will increase the country’s borrowing costs, but it does not reflect concern that Israel would not be able to repay its debt.
However, the agency’s decision to keep its negative outlook on the Israeli economy opens the door for more downgrades down the line as the country faces higher military and civilian war spending, and global investor sentiment turns sour. While the government has not yet come up with a plan for how to finance growing war expenditure, raising taxes is now becoming inevitable, say experts.”