There is no real reason to lower the credit rating - voila! Of money. The country's credit rating has not dropped yet, but the risk is already reflected in the bond price.
Israel has an excellent debt-to-product ratio and has the ability to meet its debts. The Bank of Israel announced in the middle of last December that as of the third quarter of 2023, Israel has a surplus of $220.3 billion in its assets over its obligations in debt instruments. The strength of the economy today is highlighted by the dismal state of the high-tech industry.